Renmimbi

[wheaters]

Does anyone know of any forex brokers who offer the Chinese Renmimbi as a trade?

Wheaters

 

[Gumping]

Does anyone know of any forex brokers who offer the Chinese Renmimbi as a trade?

Wheaters

Is it tradeable? I didn't think the currency has been floated.

 

[grantx]

Wheaters,

I think Gumping is correct. Isn't a future available on CBOT or CME?

Grant.

 

[rathcoole_exile]

CME® Globex® FUTURES

CME Chinese Renminbi/us Dollar Futures
CME Globex quotes as of 04/11/08 03:52 pm (cst)
MTH/ --- SESSION --- PT EST ---- PRIOR DAY ----
STRIKE OPEN HIGH LOW LAST SETT CHGE VOL SETT VOL INT

APR08 ---- ---- ---- ---- ---- UNCH .143030
MAY08 ---- ---- ---- ---- ---- UNCH .144850
JUN08 .146140 .146140 .145930 .145950 ---- -200 9 .146150 3 1101
JLY08 ---- ---- ---- ---- ---- UNCH .147510
AUG08 ---- ---- ---- ---- ---- UNCH .149060
SEP08 .150240 .150290 .150180 .150290 ---- -30 3 .150320 38
OCT08 ---- ---- ---- ---- ---- UNCH .151550
NOV08 ---- ---- ---- ---- ---- UNCH .152960
DEC08 .154020 .154020 .154020 .154020 ---- -50 2 .154070 17
JAN09 ---- ---- ---- ---- ---- UNCH .155410
FEB09 ---- ---- ---- ---- ---- UNCH .156590
MAR09 ---- ---- ---- ---- ---- UNCH .157860
APR09 ---- ---- ---- ---- ---- UNCH .159010
JUN09 ---- ---- ---- ---- ---- UNCH .160620 50
SEP09 ---- ---- ---- ---- ---- UNCH .163010
TOTAL EST. VOL VOL OPEN INT.
TOTAL 3 1206

 

[wheaters]

Thanks, chaps.

 

[Gumping]

Hi guys

Pretty sure the currency doesn't openly trade, but there is a futures contract for it - does this make it a decent market to trade? I thought RMB was only allowed to fluctuate between very tight margins by the Chinese Central Bank. So surely there would be a pretty small price action in on this instrument?

Does anyone trade it?

 

[amenlo9]

i saw this pair available at Oanda.you can trade Hong Kong dollar there as well