Will Chinese yuan (1 CNY) fall below $0.10 USD in 2023?
17
350Ṁ4649
resolved Jan 1
Resolved
NO

This question will resolve to "YES" if at any point of year 2023, the exchange rate between Chinese yuan-renminbi (CNY-RMB) and U.S. dollar (USD) is below 0.100000, according to Yahoo! Finance, https://finance.yahoo.com/quote/CNYUSD=X/

Otherwise, if the exchange rate CNY/USD is always above 0.10000 in 2023, this will resolve to "NO".

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📢Resolved to NO
Proof

predictedNO

1 Chinese Yuan equals 0.14 United States Dollar after end of trading in 2023:
52-Week High 0.14944

Last Price 0.14132

52-Week Low 0.13605

predictedNO

1 Chinese Yuan equals 0.14 United States Dollar after end of trading in 2023

There is few factors we want to take into account, when we place bet on this subject. 1. St.dev of CNY to USD is 0,004 with average of 0,143, which is too small to rach 0,1 in anytime soon. Statistics clearly indicate, that with current trend, there is close to 0% chance of hitting 0,1 exchange rate in 2023.

2. We can clearly see that economical and social unstability around the world favours chinese factories, so demand to products such as drones and hardware will increase, which will be boost for chinese yuan.

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