Bank for International Settlements

514 Words2 Pages

The balance of payment is usually associated with the exchange rates since the time the international trade came into action. The exchange rate affects the improvement or the deterioration of the trade balance depending on the currency valuation and adjustments. The Bank for International Settlement (BIS) is responsible for coordination of the global central bank survey to get the information concerning the size and structure of the foreign exchange (FE) and over-the-counter (OTC) progress of the market. This assists in creating the transparency concerning the monetary authorities and the associated marketers in creation of better patterns and making people aware of the global financial system (Bank for International Settlement 2011). The BIS therefore, publishes the undervaluation or overvaluation of the Chinese Yuan over the Euro to determine the exchange rates between different currencies. In the recent years, the value of the Chinese Yuan has not been stable compared to the Euro, the Yuan value showed an up normal trend of changing the value from time to time. According to Morr...

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