Yuan exchange rate in the first quarter of 2025: it is not the yuan that is strong, but the ruble that is weak
Posted: Mon Feb 17, 2025 5:30 am
Read about the Chinese currency exchange rate that will be established in Russia from January to March in the RIA Novosti article.
The yuan has become a popular currency among Russians in recent years, and interest in it will only increase in 2025. Read the article to find out what the Chinese currency rate will depend on in the first quarter and what values can be expected.
The yuan exchange rate may exceed 15 rubles from January to March 2025
Interest in the yuan is growing in Russia: the reorientation of the economy to the East, the growth of tourism and the gradual abandonment of dollars and euros in favor of a more “friendly” currency for the diversification of Russians’ savings are having an effect, notes private investor and founder of the “School of Practical Investment” Fedor Sidorov.
The macroeconomic situation in China has little impact on japan mobile database the yuan/ruble pair, since the yuan in China and the yuan in Russia have different weights, he emphasizes.
In China, the base lending rate is set at 3.1%, so the income on deposits does not exceed 3%. Russian banks offer deposits of up to 5-10% per annum in yuan.
“Among other factors influencing the yuan exchange rate, we note the dynamics of oil prices in the context of the decline in interest in oil announced in the media due to the slowdown in economic growth in China and the pedaling of the topic of environmentally friendly energy resources,” notes Sidorov.
According to his forecast, the yuan could settle in the range of 13.7-15.4 rubles in the next three months.
The yuan has become a popular currency among Russians in recent years, and interest in it will only increase in 2025. Read the article to find out what the Chinese currency rate will depend on in the first quarter and what values can be expected.
The yuan exchange rate may exceed 15 rubles from January to March 2025
Interest in the yuan is growing in Russia: the reorientation of the economy to the East, the growth of tourism and the gradual abandonment of dollars and euros in favor of a more “friendly” currency for the diversification of Russians’ savings are having an effect, notes private investor and founder of the “School of Practical Investment” Fedor Sidorov.
The macroeconomic situation in China has little impact on japan mobile database the yuan/ruble pair, since the yuan in China and the yuan in Russia have different weights, he emphasizes.
In China, the base lending rate is set at 3.1%, so the income on deposits does not exceed 3%. Russian banks offer deposits of up to 5-10% per annum in yuan.
“Among other factors influencing the yuan exchange rate, we note the dynamics of oil prices in the context of the decline in interest in oil announced in the media due to the slowdown in economic growth in China and the pedaling of the topic of environmentally friendly energy resources,” notes Sidorov.
According to his forecast, the yuan could settle in the range of 13.7-15.4 rubles in the next three months.