The RMB/USD spot exchange rate rose above 6.68, closing at a new high since June 8, 2022.

On October 20, the renminbi-dollar spot exchange rate reached an intraday high of 6.6787, closing at 6.6791 at 4:30 PM, up 26 points from the previous trading session, with the daytime closing price hitting a new high since June 8, 2022. In the offshore market, the offshore renminbi-dollar exchange rate also peaked at 6.6770 intraday, surpassing the previous session's high.