Except for the Chinese yuan, which is non-convertible, payment can be received in any currency.
We are comparing the Chinese yuan against the dollar and then against the trade-weighted Chinese yuan.
The icing on the cake: Half the deal with be conducted in Chinese yuan.
And a weaker dollar has eased fears about a devaluation of the Chinese yuan.
The state-owned Bank of China just opened the first U.S.-branch savings account denominated in Chinese yuan.
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Importers send Chinese yuan out, but Chinese exporters don't use this market to bring the yuan back in.
Economistics suggests a purchasing-power parity of 14.57 Chinese yuan to the dollar, compared with the current 8.31 yuan.
The WisdomTree Dreyfus Chinese Yuan Fund (NYSE: CYB) might offer traders a way to play a bullish yuan.
The factory was abandoned a few years ago, its export business damaged by the strength of the Chinese yuan.
Take a look at the WisdomTree Dreyfus Chinese Yuan Fund (NYSE: CYB).
Chinamex is investing 10 billion Chinese Yuan in the first stage of development.
Everyone is watching the Chinese yuan because increasingly China is becoming both a big trading partner and a competitor.
But there is definitely a lot of interest, especially in the Indian rupee, dollar, Indonesian rupee and Chinese yuan.
The Chinese yuan was essentially flat on Monday, down 0.002% to 6.3412 by 12:14 PM in New York.
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Since 2003, the Chinese yuan has appreciated more than 30% against the dollar.
And part of that, at least in Asia, is due to the growth of the Chinese yuan in trade settlements.
It is a widely held view that the Chinese yuan appreciates going into key Sino-US meetings and then stabilizes afterwards.
Chart Analysis : The WisdomTree Dreyfus Chinese Yuan Fund ( CYB) broke out of its daily trading range in late March.
The resultant weak yen, as much as the undervalued Chinese yuan, is what is distorting currency and trade flows near and far.
The Chinese yuan will likely end the year a little over 5% stronger than it did last year, Barclays analysts said late Thursday.
The aim of most developing countries is to prevent their currencies rising against the dollar at a faster pace than the Chinese yuan.
The Chinese yuan has been undervalued for the past few years according to the Big Mac Index, but it has now improved to become fairly valued.
Though the Chinese yuan's value has been Topic A, key American manufacturers, like the automakers, focus on the yen, suggesting its weakness is the secret to Japan's productive prowess.
If the Chinese yuan were to appreciate by 10% against the dollar (and other reserve currencies), China would suffer a capital loss worth almost 3% of GDP, the study found.
While still a small portion of trade settlements, it has had some success, the use of the Chinese yuan in global settlements tripling in the third quarter of this year.
Euro depreciation: Since January 1 of this year, the euro has depreciated by more than 10% against global currencies such as the U.S. dollar, the Japanese yen and the Chinese yuan.
The fund seeks to earn current income reflective of money market rates in China available to foreign investors, and to provide exposure to movements in the Chinese Yuan relative to the United States dollar.
Direct convertibility between the Chinese yuan and New Zealand dollar would end the need for New Zealand's companies and currency traders to convert New Zealand dollars or yuan into U.S. dollars when making or receiving payments.
WSJ: New Zealand, China in Talks on Convertibility of Currencies
Bank credit extension in the first quarter of this year has slowed, accounting for just under 5% of GDP in the first for loans in Chinese yuan, down from 6.5% of GDP in the first quarter 2010.
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