27-09-2022, 06:06 PM
(27-09-2022, 01:10 PM)webinarian Wrote:
Ah Kock,
If exchange rate of RMB goes from 7.15 to 6.80, it means USD is dropping. It means last time 1 USD can exchange for 7.15 RMB, now getting lesser at 6.80 RMB.
It means RMB is up.
If you are know-nut, better don't talk, it shows your stupidity and makes people laugh at you.
.
Can understand u pple r angry at Kokee but his post u have shown is on 16 August; then USD is =6.80 RMB which shows that he was correct. Yesterday, it was 7.15 RMB when u pointed out and y have wronged him.
Then Someone said Kokee was wrong about 人民币暴跌接近14年低点, 14 year ago, it was 2008, then the exchange rate was 6.95. U pple were wrong again.
It confirmed that u pple were attacking him personally and not because he was wrong in his posting.
Currency weakening might not be totally caused by economy; it might be caused by the recent monetary policy where China lowered its interest rates.
![[Image: Screenshot-2022-09-27-180356.jpg]](https://i.ibb.co/fNNyGn9/Screenshot-2022-09-27-180356.jpg)
Omi.. Thank you for bumping up the message.