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Paul / ARTICLE

ECB President Lagarde says the RMB is 15-16% undervalued. In reality it should be around 3 to the dollar or even lower. Of course China hugely manipulates the price against the dollar to keep the Yuan weaker. As ever this is not investment advice because I am not allowed to provide it but I recently bought Yuan currency at 6.81. That is not a subtle hint either. I am just diversifying some FIAT out of Euros and Pounds. If I could I would buy Rubles too but whilst that is possible via Kazakhstan it would place me in the crosshairs of being sanctioned which would be a nightmare.

Published Jul 08, 2026Updated Jul 08, 20262 min read
ECB President Lagarde says the RMB is 15-16% undervalued. In reality it should be around 3 to the dollar or even lower. Of course China hugely manipulates the price against the dollar to keep the Yuan weaker. As ever this is not investment advice because I am not allowed to provide it but I recently bought Yuan currency at 6.81. That is not a subtle hint either. I am just diversifying some FIAT out of Euros and Pounds. If I could I would buy Rubles too but whilst that is possible via Kazakhstan it would place me in the crosshairs of being sanctioned which would be a nightmare.