For ordinary people, the appreciation of RMB means the money in hand is more valuable, and if you travel abroad, study abroad, shopping will be more cost-effective."The sky is the rainbow"!That is the word many have used to describe the recent surge in the value of the renminbi.You can get a sense of how much the yuan has appreciated since the end of May.

On September 16, the central parity rate of the RENMINBI (RMB) in the inter-bank foreign exchange market was set at 6.7825 to the US dollar, up 397 basis points from the previous trading day and breaking 6.8 points.In a longer time frame, the central parity rate of the RMB against the US dollar stood at 7.1316 on May 29, a rise of 3,491 basis points in just over three months.The offshore and onshore RMB exchange rates against the US dollar are even "rising".On the morning of September 16, both the onshore and offshore RMB exchange rates rose to 6.77.