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Real effective yuan rate falls again

08-18-2010 08:56 BJT

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The real effective yuan exchange rate continued to fall in July, for a second consecutive month. The value slid nearly 1 percent last month according to statistics released by the Bank for International Settlements.

The nominal effective exchange rate, or its value against a trade-weighted basket of currencies, depreciated nearly 1 and half a percent in July from June. The discrepancy between real and nominal yuan exchange rate shows the different inflation situations between China and its major trade partners -- the US, Japan and the European Union.

Analysts say the drop in the real effective yuan exchange rate is related to the strength of the euro, and the British pound.

Editor:Xiong Qu |Source: CNTV.CN

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