Yuan on the Moscow Exchange is 9% more expensive than Forex
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The Chinese yuan on the Moscow Exchange rose by 9% against forex. RIA Novosti notes that this could happen against the backdrop of Russian investors leaving unfriendly currencies.
By 14.30 Moscow time, the Chinese currency grew by Mosbirzhe by 9 kopecks, to 8.21 rubles, the dollar fell by 3.4 rubles, to 53.81 rubles. That is, the dollar in terms of rubles was worth 6.554 yuan. On Forex, the dollar was worth 7.116 yuan, that is, the yuan on the Moscow Exchange was 8.57% more expensive than on Forex. The volume of trading in yuan on the Moscow Exchange amounted to 61.5 billion rubles, in dollars – 66.6 billion, euros – 25.6 billion.
The volume of currencies of unfriendly countries is growing due to the export of oil and petroleum products. High activity in the yuan is associated with the transition of companies in foreign economic activity to operations with friendly currencies.
More about this – in the material “Kommersant” “Yuan economy”.
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