chinese juan

Discussion in 'Forex' started by todd960, Nov 9, 2003.

  1. todd960


    I need to move this thread from trading to currency. I have a question on chinese currency. I understand that their is no way to currently trade the juan. But when the chinese finally decide to float their currency, the juan is expected to increase in value by 50%. Can I just purchase juan from a bank now and exchange them once the juan floats and rises in value? Or do I need to have someone in china send me juan via mail and hold onto them? tia
  2. yuan
  3. todd960


  4. garbo


    They offer CDs in renminbi. I think they currently pay about 0% interest but they are FDIC-insured. People are putting money there in the expectation of some movement in the exchange rate in the next year or two.

    Good luck...
  5. todd960


    thanks for the info