The Yuan broke 7 against the dollar for the first time

The Yuan's midpoint was 6.9396, down 91 points from 6.9305, which closed at 7.0166 and 7.0085.

         On September 19,2022, the central parity of the RMB exchange rate in the inter-bank foreign exchange market was: 1 US dollar to RMB 6.9396 Yuan, 1 Euro to RMB 6.9745 yuan, 100 yen to RMB 4.8847 Yuan, 1 Hong Kong dollar at 0.88413 Yuan, 1 pound at 7.9732 Yuan, 1 Australian dollar at 4.6897 Yuan, 1 New Zealand dollar at 4.1866 Yuan, 1 Singapore dollar at 4.9607 Yuan, 1 Swiss Franc to RMB 7.2334,1 Canadian Russian ruble to RMB 5.2590, RMB 1 to 0.65033 Malaysian ringgit, and RMB 1 to RMB 9.0905, one Yuan to 2.5300 South African Randt, one yuan to 198.73 won, one yuan to 0.52727 United Arab Emirates dirham, one yuan to 0.53932 Saudi riyal, renminbi 1 Hungarian forint 58.0397 kronor, renminbi 1 złoty 0.67607 kronor, Renminbi 1 kronor 1.0681 kronor, renminbi 1 kronor 1.5416 kronor, one Yuan to 1.4646 Norwegian kroner, one yuan to 2.61993 Turkish lira, one yuan to 2.8729 Mexican peso, and one yuan to 5.2782 baht.

        In intraday trading on Sept. 16, the onshore renminbi was trading at 7.0268 to the dollar, or 7.0268 to the dollar. Therefore, "Break 7" represents the renminbi exchange rate depreciation, and fell below a relatively important threshold.