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/biz/ - Business & Finance

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51637212 No.51637212 [Reply] [Original]

Why is no one talking about the Yuan getting stronger?

>> No.51637414

OP, read that chart again.

>> No.51637433

>>51637212
Oh Pee....

>> No.51637471 [DELETED] 

>>51637212
I thought those bug eyes were supposed to improve vision

>> No.51637605

>>51637212
are you retarded?

>> No.51637621

>>51637212
God you are retarded

>> No.51637660
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51637660

>>51637212
HAHAHAHAHAHAHA OP you are a retard. Everything is getting weaker against the dollar.

>> No.51637859

>>51637212
OP here is a trick to never fuck up currencies again
USD/CNY = how many yuan does it take to buy 1 dollar
or
USD/EUR = how many Euros does it take to buy 1 dollar
the one that is listed first in the pair is the one that is being bought, using the currency listed second
eg.
JPY/AUD = how many Australian dollars does it take to buy 1 yen
understanding this, your chart shows USD/CNY
how many yuan to buy 1 dollar
this is increasing - it requires more yuan to buy 1 dollar
this means yuan is losing value, and the dollar is gaining value - if it used to cost 6.98 yuan to buy 1 dollar, now they have to pay 7.16 to buy 1 dollar - they have to pay more yuan to receive the same 1 dollar = yuan is worth less than before