According to this report, the yuan’s share increased from 2% in 2023 to 3.5% this year, representing a 75% increase in just 2 years.
And for global commerce, the growth is even more striking:
“In trade, 6% of global commerce was financed in RMB last year, up from under 2% in 2023.”
This represents a 200% increase in the use of the yuan for trade in also just 2 years.
If the yuan continues to grow at the same pace — at a 75% increase every 2 years —
it would take roughly 11 to 12 more years to reach 49%, i.e., around the year 2036.
Offshore Chinese Renminbi Futures and Options
Ticker: CNH
Minimum fluctuation:
Outright:0.0005 per USD increment = 50 CNH
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
And for global commerce, the growth is even more striking:
“In trade, 6% of global commerce was financed in RMB last year, up from under 2% in 2023.”
This represents a 200% increase in the use of the yuan for trade in also just 2 years.
If the yuan continues to grow at the same pace — at a 75% increase every 2 years —
it would take roughly 11 to 12 more years to reach 49%, i.e., around the year 2036.
Offshore Chinese Renminbi Futures and Options
Ticker: CNH
Minimum fluctuation:
Outright:0.0005 per USD increment = 50 CNH
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
konhow@weipedia.com
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.