UBS asks:
What will be the closing value for the US dollar to Chinese renminbi (aka yuan) exchange rate on 29 September 2023?
Closed Sep 29, 2023 07:01AM UTC
BRICS nations, which includes China, and others are voicing pushback against the dominance of the US dollar in international trade in favor of local currencies (France24, First Post, Al-Monitor). The outcome will be determined using data as reported by Google Finance (Google Finance, set to "6M").
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The question closed "Between 7.25 and 7.50, inclusive" with a closing date of 29 September 2023.
See our FAQ to learn about how we resolve questions and how scores are calculated.
| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Lower than 6.25 | 0% | |
| Between 6.25 and 6.50, inclusive | 0% | |
| Higher than 6.50 but lower than 6.75 | 0% | |
| Between 6.75 and 7.00, inclusive | 0% | |
| Higher than 7.00 but lower than 7.25 | 6% | |
| Between 7.25 and 7.50, inclusive | 92% | |
| Higher than 7.50 | 2% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 66 |
| Average for questions older than 6 months: 215 | |
| Number of Forecasts | 549 |
| Average for questions older than 6 months: 606 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | better than average |
