How Currencies Have Reacted to the Yuan Devaluation

[Inovance]

On August 11th, 2015, China changed the way the way the reference rate was calculated.

This had immediate and long-term effects on the exchange rates of just about every currency.

The infographic below shows the devaluation of the Renminbi against other currencies after 24-hours, 1-week and 1-month since the devaluation on August 11th.

You can find the original article and enlarged infographic here.

[ADRIAN MATUSIAK]

Great comparsion!

[Isauro Martinez Tamez]

Thanks for the information and the comparison, althought I don't know why didn't you upload this to your blog.

Also I want to know why are you comparing the CNY against those currencies specifically, because there are other currencies such as the brazilian and mexican which are more liquid and stable. 

[Inovance]

Isauro Martinez Tamez:

Thanks for the information and the comparison, althought I don't know why didn't you upload this to your blog.

Also I want to know why are you comparing the CNY against those currencies specifically, because there are other currencies such as the brazilian and mexican which are more liquid and stable. 

I did upload to our blog here: https://www.inovancetech.com/chinese-yuan-infographic.html

The BRL/CNY didn't fluctuate much and I couldn't find data on the MXN/CNY. I left a few other pairs that didn't have a strong reaction to the reference rate change.