in Chinese Yuan, the last 5 day swing took the conversion rate from 540,000 to 640,000:

Reply to this note

Please Login to reply.

Discussion

so funny how we get attached to monetary units which mean absolutely nothing.

also crazy how inflation is reverse compound interest for

1. wage earners

2. pensioners

3. international folks and unsophisticated investors saving into dollars

then the sales tax and property tax further compound on top of the inflated values