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26 August 2026Currencies

China’s yuan strongest since February 2023

The yuan strengthened to around 6.72 per dollar.

China’s large trade surplus supported the currency while the PBOC sought to slow the pace of appreciation.

Important Points for Exam

Quick revision notes

  1. 1Yuan around 6.72
  2. 2Strongest since Feb 2023
  3. 3PBOC
  4. 4China

Test yourself

Practice Questions

1 MCQ

Q1. Which statement correctly describes “China’s yuan strongest since February 2023”?

Correct answer: C

China’s large trade surplus supported the currency while the PBOC sought to slow the pace of appreciation.