Yuan stable at 12.20–12.40 rubles
The Chinese yuan's exchange rate is expected to remain within a range of 12.20 to 12.40 rubles amid influence from Chinese regulatory decisions and economic factors, with market attention focused on the People's Bank of China's upcoming key interest rate decision.
Consensus
- The Chinese yuan is expected to trade within a range of 12.20–12.20 rubles.
- The yuan's movement is influenced by decisions from the Chinese regulator.
- China remains a leading global player in internet commerce, accounting for about 50% of global online sales.
- The People's Bank of China is expected to maintain its key interest rate at 3% for the 15th consecutive time.
- Market participants expect the central bank's decision to support budget spending amid low bank profitability.
- The Russian ruble is strengthening due to approaching tax periods, rising oil prices, and technical correction after prior decline.
Points of divergence
- The official exchange rate for the yuan on Friday, August 14, was set at 12.4175 rubles by the Central Bank of Russia. — vm
- The US dollar was at 83.8058 rubles and the euro at 96.7538 rubles on August 14, according to the Central Bank of Russia. — vm
- The yuan's support comes from the recovery of foreign currency supply on the market. — riamo
Coverage (2 sources)
- Yuan brakes: what will happen with the Chinese currency by the end of August — РИАМО
- What will be the rate of the yuan at the end of August-2026 — Вечерняя Москва