Wider RMB trading band promises foreign exchange savings
China’s plan to increase the trading band in the renminbi bring more volatility to trading the currency, but also more opportunities to gain better prices.
China’s plans to widen the trading band of the renminbi loosens control on the currency and puts treasurers one step closer to dealing with an exchange rate that is entirely determined by market forces. The wider range makes the swings in the exchange rate larger, creating more volatility for treasurers, but also more opportunity for better rates.
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