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CNYUSD. 2005-2014. +32%

After writing about staggering growth of yuan acceptance in South Korea I have decided to dig a little bit deeper in renminbi subject.

I have found a CNYUSD chart (attached above) and as you can see yuan have risen 32% against USD from 2005 (when fixed exchange rate was cancelled in China and allowed a managed floating rate) to 2014. Even in 2008 CNY hold steady versus USD.

Personally, I am going to open a CNY bank deposit and buy some Chinese stocks. Will keep you updated about my adventure. :)