RMB Exchange Rate Stable in NovemberThe exchange rate for RMB, the Chinese currency, was stable in November, according to the Shanghai-based China Foreign Exchange Trade System.China's interbank foreign exchange trading volume reached US$4.4 billion last month, up 27.8 percent over that of October. This means an average US$202 million were traded for each of the 22 trading days in the month, a 4.6 percent rise on a monthly basis. The total volume included US$4.362 billion, 334 million Hong Kong dollars, and 4.652 billion Japanese yen. |
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