Both onshore and offshore RMB exchange rates against the US dollar hit a 14-month high.

According to Odaily Planet Daily, both onshore and offshore yuan exchange rates against the US dollar hit a 14-month high. Data from China Foreign Exchange Trading System shows that the yuan's spot exchange rate against the dollar rose to a high of 7.0500 during trading, marking the first time it has touched the 7.05 mark since October 9, 2024.

According to Sina's quotes, the offshore RMB exchange rate against the US dollar rose to a high of 7.046 on December 15, a new high since early October 2024. As for the central parity rate, the RMB against the US dollar was set at 7.0656 on December 15, a depreciation of 18 basis points. (Jinshi)