The exchange rate of the multi-party has risen, and the three major Renminbi exchange rate indexes have reached a new high in over half a year.

The RMB exchange rate against a basket of currencies shows a steady upward trend. The latest data released by the China Foreign Exchange Trading Center shows that last week, all three major RMB indexes rose to new highs since April 2025. Among them, the CFETS RMB exchange rate index was at 97.96, the BIS currency basket RMB exchange rate index was at 104.19, and the SDR currency basket RMB exchange rate index was at 92.34. In the current complex external environment, the basket exchange rate index has become a key indicator to observe the true trend of the RMB. Industry insiders believe that the further appreciation of the RMB against a basket of currencies reflects the relative strength of the RMB against non-dollar currencies, and also indicates that the "RMB exchange rate is basically stable at a reasonable equilibrium level" has a solid foundation.