The spot exchange rate of RMB against the US dollar appreciated by more than 0.4% in August, hitting new highs of more than 3 years several times during the month. On August 31, the spot exchange rate of RMB against the US dollar closed at 16:30 at 6.7198, up 6 basis points from the previous trading day. Throughout August, the RMB spot exchange rate appreciated from 6.7476 at the end of July to 6.7198 at the end of August, with a cumulative increase of more than 0.4%.

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