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Onshore and Offshore RMB Exchange Rates against USD Surpass 7.13 and 7.14, Respectively
2025-08-28 /
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Author：小编
The Renminbi (RMB) exchange rate against the US dollar achieved a new nine-month high in both onshore and offshore markets. On August 28, the onshore RMB spot exchange rate closed at 7.1385 during the day and strengthened further to 7.1305 in the overnight session, appreciating by more than 300 points intraday. Similarly, the offshore RMB exchange rate against the US dollar climbed to 7.1250. On the same day, the central parity rate of the RMB against the US dollar was reported at 7.1063, marking its highest level since November 7, 2022. Concurrently, the US dollar index weakened, dipping below the 98 mark, with intraday losses reaching 0.3% at one point.
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