Historical Year Data · 2006

China Real Effective Exchange Rate in 2006

China Real Effective Exchange Rate opened 2006 at 69.65 and closed at 69.37, a -0.40% move for the year. The high of 70.66 was reached on February 1, and the low of 67.15 on May 1.

Open

69.65

2006-01

69.37

12 data points

High

70.66

Feb 1

Low

67.15

May 1

Full Year Change

-0.40%

2005 Change

+5.75%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	69.65	69.65	69.65	69.65	+0.00%
Feb	70.66	70.66	70.66	70.66	+0.00%
Mar	69.67	69.67	69.67	69.67	+0.00%
Apr	68.94	68.94	68.94	68.94	+0.00%
May	67.15	67.15	67.15	67.15	+0.00%
Jun	67.70	67.70	67.70	67.70	+0.00%
Jul	67.53	67.53	67.53	67.53	+0.00%
Aug	67.44	67.44	67.44	67.44	+0.00%
Sep	68.51	68.51	68.51	68.51	+0.00%
Oct	69.14	69.14	69.14	69.14	+0.00%
Nov	69.12	69.12	69.12	69.12	+0.00%
Dec	69.37	69.37	69.37	69.37	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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