How Is The Pound Doing Against The Chinese Currency?
1 April 2009, 16:35 Whenever we hear the news about the British pound, we always hear about it being compared to the US dollar and the Euro. But how is it performing against other currencies? Take the Chinese yuan, for example. This currency isn’t one that you will use a lot on your currency converter. But it is still interesting to see whether the pound is able to put up a fight against a lesser known currency – or whether it is still struggling here too. Unfortunately the news for January did not look good. The pound claimed 9.9691 yuan to the pound on New Year’s Day, and that immediately dropped back to 9.8447 the very next day. Fortunately the first full week of the New Year was rather better, with an increase to 9.9146 on Monday the 5th, and a jump up to 10.2740 on the 7th. But if we have learned one thing about the pound in these troubled times, it is that it tends to be up one minute and down the next. It managed to increase the exchange rate to 10.4535 by the end of that week,
