TEK tower condos Kitchener. Buying a house in Canada is really cool. The exchange rate against the RMB has reached 5.06, approaching the fourth era again. To view the exchange rate of RMB against Canadian dollar in real time, please click on the real-time exchange rate of RMB and Canadian dollar.Please Visit: TEK tower condos Kitchener to Get Your VVIP Registration Today!
Recently, the RMB exchange rate has gone crazy, appreciating in one month at the top of eight years.
In just one and a half months, the appreciation of the renminbi against the dollar has been equal to the overall increase of eight consecutive years from 2010 to 2017.
At the end of 2009, the exchange rate of the US dollar against the renminbi was 6.827 yuan. Eight years later, it was 6.512 yuan at the end of 2017, and the appreciation rate of the renminbi against the dollar over an eight-year period was 4.83 per cent.
Recently, in just over a month, the exchange rate of the US dollar against the RMB has fallen to 6.277 yuan from a plunge of 6.617 yuan on December 18 last year.
In other words, the appreciation of the RMB has been as high as 5.4% in just over a month.
In other words, if you change 1 million US dollars less this month, it is equivalent to earning 340000 yuan.
The exchange rate of the renminbi against the Canadian dollar is also strong. In fact, the Canadian dollar has risen a little against the US dollar recently, but it cannot match the speed of RMB appreciation.
The renminbi has also appreciated by more than 8 per cent against the Canadian dollar in the past 10 months.
It fell all the way to 5.06 yuan from a high of about 5.4 yuan at the end of July last year. The upside of soaring oil prices and higher interest rates by the Bank of Canada is of no use.
In other words, if you change 1 million Canadian dollars less in the past half a year, it is equivalent to earning 340000 yuan properly.
It’s that simple. It’s like lying down and making money.
Last week, the US stock market had its worst week in two years. The Dow fell more than 1000 points in five trading days, plummeting 665.75 points on Friday alone. The s & p 500 fell 3.9% last week, the biggest drop since January 2016, while the Nasdaq 100 index tumbled 3.7% last week.
After last week’s sharp fall in u.s. stocks, Asia-pacific stock markets opened sharply lower on Monday, with indexes in Australia, new Zealand, japan and south Korea all down more than 1%.
Some investors are worried whether this will be a sign of a new global financial crisis.
Many experts believe that the Canadian dollar lacks stamina against the US dollar.
According to the Canadian Broadcasting Corporation, the Canadian dollar has appreciated by about 5% against the US dollar since 2018, which is a large increase in the foreign exchange market.
However, some foreign exchange market experts believe that this round of rally seems to have come to an end, and the foreign exchange market seems too confident that the Central Bank of Canada will accelerate the pace of interest rate hikes; and the basic sectors of the Canadian economy have not suddenly become very competitive.
In addition, uncertainty about whether the United States will withdraw from the North American free trade agreement has also hindered the rise of the Canadian dollar.