On April 25, the spot exchange rate of RMB against the US dollar fell rapidly after opening at 6.5120, falling below the 6.52, 6.53, 6.54 and 6.55 marks in succession, with the lowest intraday low as 6.5503, with a depreciation of more than 600 basis points.

Pengpai News reporter Chen Yueshi

On the first trading day of this week, the RMB exchange rate against the US dollar continued the rapid decline last week.

On April 25, the spot exchange rate of RMB against US dollar quickly fell after opening at 6.5120, falling below the 6.52, 6.53, 6.54 and 6.55 marks, with the lowest intraday low as 6.5520, with a depreciation of more than 600 basis points.

Since the beginning of this year, the spot exchange rate of the RMB against the US dollar has fallen by more than 2.6%.

More reflecting international investors' expectations of offshore RMB is also weak against the US dollar, and it fell further in the afternoon.

htmlOn April 25, the offshore RMB exchange rate against the US dollar fell below the 6.53, 6.54, 6.55, 6.56, 6.57, 6.58 and 6.59 marks, with the lowest depreciation intraday depreciation to 6.5965, falling by more than 600 basis points.

Since the beginning of this year, the offshore RMB has depreciated by more than 3.2% against the US dollar.

Editor in charge: Zheng Jingxin Photo editor: Jin Jie

Proofreading: Shi Yan

1