China Foreign Exchange Trade System
China’s Currency Basket Changes Could Make Yuan More Volatile
| S. Rina | | Jan 04, 2017 08:44 AM EST |
China recently made several changes to its currency basket, which is used for setting the daily value of the currency. According to China Foreign Exchange Trade System (CFETS), the number of currencies included in the basket was increased to 24, up from the previous 13 currencies.
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