Buy in Renminbi or dollar?

[derektrimblitz]

Hi All

I'm about to make purchases from China.

Is it better to pay in Renminbi or in dollars? or doesn't it matter?

I keep thinking what if the dollar is strong against the pound but the pound is stronger against Renminbi (yuan)

[Ean218]

derektrimblitz said:

I'm about to make purchases from China.

Is it better to pay in Renminbi or in dollars? or doesn't it matter?

I'm surprised you're getting a choice. If you are the rate will be rigged one way or the other by the seller anyway.

derektrimblitz said:

I keep thinking what if the dollar is strong against the pound but the pound is stronger against Renminbi (yuan)

There are racks of computers the world over working out those discrepancies and trying to cash in, I wouldn't worry about it if I were you.

[SpeedEight]

For all intents and purposes the Yuan and US Dollar are pegged together in the trends to a 3rd currency (say the Pound).

If you plot the Pound to USD and Pound to RMB (CNY) over a year you see the same trend: