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Onshore and Offshore RMB to USD Exchange Rates Hit 14-Month Highs
On December 15, the RMB to USD spot exchange rate briefly rose to 7.0500, reaching the 7.05 level for the first time since October 9, 2024.
In the offshore market, reflecting more of international investors' expectations, the offshore RMB to USD exchange rate reached a high of 7.046 during the day on December 15, marking a new high since early October 2024.