The Chinese yuan exchange rate against Singapore dollars is something I monitor quite closely to me since I spent my Singapore dollars here in China.
Recently there is a heightened expectation that the Chinese will soon de-peg or at least loosen the peg of the Yuan to the US dollars. Many people know that the yuan is in reality stronger than what the current value suggests. So it is expected to raise once the peg is release.
Now, I’m now a big time investor nor do I have millions being transferred. But the implication is no less significant.
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