After writing about staggering growth of yuan acceptance in South Korea I have decided to dig a little bit deeper in renminbi subject. I have found a CNYUSD chart (attached above) and as you can see yuan have risen 32% against USD from 2005 (when fixed exchange rate was cancelled in China and allowed a managed floating rate) to 2014. Even in 2008 CNY hold steady versus USD. Personally, I am going to open a CNY bank deposit and buy some Chinese stocks. Will keep you updated about my adventure. :)