# exchange rate
Latest news and articles about exchange rate
Total: 3 articles found
Iran’s Rial Collapses to 1.31 Million per Dollar as Sanctions and Oil Shock Unleash Economic Pain
The Iranian rial has plunged to about 1.314 million per U.S. dollar in market trading, a collapse driven by loss of foreign exchange from sanctions, an oil‑dependent revenue structure, and failed attempts at exchange‑rate reform. The slump is deepening inflationary pain for ordinary Iranians, prompting central bank turnover and heightening political and humanitarian risks.
RMB Strengthens to Three-Year High as Investors Reallocate Toward China
The renminbi has rallied to its strongest levels since April 2023, with onshore and offshore rates testing the mid‑6.80s amid large exporter foreign‑exchange conversions and softer dollar dynamics. Analysts view the move as broadly positive for international investor appetite toward Chinese assets, but caution that policymakers must manage the pace to avoid damaging export competitiveness.
Yuan’s Post‑Holiday Rally Reaches 2023 Highs — Beijing Signals Vigilance as Policy Shifts
The yuan has rallied sharply since the Lunar New Year, pushing to its strongest levels versus the dollar since April 2023 as onshore and offshore rates break 6.87. Analysts attribute the move to improving Sino‑US ties, dollar weakness amid U.S. political turbulence, and accelerated export settlements, while the PBOC has signalled a readiness to use the exchange rate as an automatic stabiliser and to step in if moves become disorderly.