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On 28 October 2014 direct currency trading started between the Singapore dollar and the renminbi (CNY/SGD). [136] The Singapore dollar was added to the China Foreign Exchange Trade System (CFETS)'s platform, which as of 28 October 2014 offers financial operations and transactions between the yuan and ten foreign currencies. [137]
However, during the onset of the 2007-2008 global financial crisis, the renminbi was unofficially repegged to the US dollar. It was again depegged from the dollar in June 2010. After 2010, the exchange rate floated in line with fundamentals, [10] staying mostly between 6 and 7 CNY per USD.
(Chinese yuan per 100 foreign currency units) Year: USD: JPY: HKD: Euro: 2018: 661.74: 5.9890 ... World Bank annual average middle exchange rate for US dollar to ...
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
US Dollar Index and major financial events. The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, [1] often referred to as a basket of U.S. trade partners' currencies. [2]
The Wall Street Journal Dollar Index (WSJ Dollar Index) is an index (or measure) of the value of the U.S. dollar relative to 16 foreign currencies. [1] The index is weighted using data provided by the Bank for International Settlements (BIS) on total foreign exchange (FX) trading volume. The index rises when the U.S. dollar gains value against ...
Some other countries link their currency to US dollar at a fixed exchange rate. The local currencies of Bermuda and the Bahamas can be freely exchanged at a 1:1 ratio for USD. Argentina used a fixed 1:1 exchange rate between the Argentine peso and the US dollar from 1991 until 2002.
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related to: usd to cnh bloomberg exchange rate peso dollar