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 following infographic shows the devaluation of the Renminbi against other currencies after 24-hours, 1-week and 1-month since the devaluation on August 11th.
[Click image for full size version]
Irma Wallace
Co-founder and Vice President of SearchRank, responsible for many of the day to day operations of the company. She is also founder of The Arizona Builders’ Zone, a construction / home improvement portal.
