Loading ...When you see this chart, it tells you the Dollar and the Yuan are PEGGED, but allowed to fluctuate slightly and occasionally, probably so people think they are separate independent currencies, and natural free market action.
Dollar and Yuan were always around 7 to 1 dollar. When ever or how much they move the Yuan up or down, it’s a microscopic price change re imports exports. The Yuan NEVER gets strong enough to make Chinese people buy or import cheaper USA made products.
Big businesses moved or built or invested tons of money in China, and you can bet your ass they don’t can’t or won’t take a gamble on a “free market exchange rate”. The Game was set up and rigged back in 1979.
Over ten year Gold is up 35% in BOTH CURRENCIES. This is an astounding chart view imo.
http://www.kitco.com/gold_currency/index.html?currency=cny&timePeriod=10y&flag=gold&otherChart=no