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Explain the significance of the information

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Reference no: EM133156178

Currency/Country

China (CNY)

Exchange Rate Regime

China applies currency exchange controls

Level of Currency Instability

Low level of instability.  Managed by the People's Bank of China

Yearly average rate (4 years)

2017

2018

2019

2020

Compared to USD

0.15

0.15

0.14

0.14

Source: Santander Trade

Explain the significance of the information contained in the table. Discuss how the country's exchange rate/stability and importing and exporting are related.

https://santandertrade.com/en/portal/currency-analysis

Reference no: EM133156178

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