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A piece of trivia:
The exchange value of the renminbi has changed by about 5% over the past year;
This means if you had $1 million USD and did nothing all year, converting to renminbi would have lost you about 360k RMB.
Reuters reported in May: global institutions have raised their renminbi forecasts, with some even predicting the USD/CNY exchange rate to reach the 6.50 range in the next 12 months;
Trading Economics also gives a 12-month estimate leaning towards 6.75;
So to those at home in China holding lots of USDT and USDC, if you haven't converted much to RMB yet, are you feeling uneasy?