The RMB Indicator measures the appreciation pressure on China's currency relative to the U.S. dollar. Increases in the indicator reflect revaluation pressure on the RMB relative to the dollar.

Next Release: Jun 2008

Current Value: 234.3

Methodology: The RPI is based on a calculation examining the interaction between the following variables reported on a monthly basis to compute overall cumulative exchange-rate pressure:
    • percentage change in the exchange rate
    • percentage change in foreign-exchange reserves
    • change in the domestic interest rate

Time Period Coverage and Frequency: The indicator covers the time period November 30, 1980 to present. The indicator is set equal to 100 on January 1, 2000. Values of the indicator are calculated on a monthly basis. There will be a two- to four-month delay in reporting values for the indicator.

Sources of Data: The data used in the construction of the indicator are obtained from the International Monetary Fund, People's Bank of China and State Administration of Foreign Exchange.

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