Sep. 30, 2024
RMB Appreciates Against USD, September Sees 1,050 Basis Points Increase in Midpoint
TMTPOST--As of September 30, the onshore RMB closed at 7.0156 against the US dollar, up 4 basis points from the previous trading day, marking a monthly increase of 725 basis points. The midpoint rate for the RMB against the dollar was set at 7.0074, an adjustment of 27 basis points. The previous day's midpoint was 7.0101. The onshore RMB closed at 7.0160 at 16:30 and was recorded at 7.0111 in the night session. For September, the cumulative adjustment of the RMB midpoint against the USD reached 1,050 basis points.
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