Historical Year Data · 2008

China Real Effective Exchange Rate in 2008

China Real Effective Exchange Rate opened 2008 at 73.71 and closed at 82.50, a +11.93% move for the year. The high of 84.47 was reached on November 1, and the low of 73.71 on January 1.

Open

73.71

2008-01

82.50

12 data points

High

84.47

Nov 1

Low

73.71

Jan 1

Full Year Change

+11.93%

2007 Change

+2.07%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	73.71	73.71	73.71	73.71	+0.00%
Feb	75.97	75.97	75.97	75.97	+0.00%
Mar	74.02	74.02	74.02	74.02	+0.00%
Apr	74.38	74.38	74.38	74.38	+0.00%
May	74.66	74.66	74.66	74.66	+0.00%
Jun	75.04	75.04	75.04	75.04	+0.00%
Jul	75.00	75.00	75.00	75.00	+0.00%
Aug	76.74	76.74	76.74	76.74	+0.00%
Sep	78.86	78.86	78.86	78.86	+0.00%
Oct	82.29	82.29	82.29	82.29	+0.00%
Nov	84.47	84.47	84.47	84.47	+0.00%
Dec	82.50	82.50	82.50	82.50	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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