# Getting exchange rates right - CGTN

> Economists Nikhil Patel and Shang-Jin Wei propose a new method for calculating the real effective exchange rate that accounts for global value chains. They argue that standard calculations assume countries export only final goods, which misstates trade competitiveness. The piece is an opinion article on methodology.

- Date: 2019-04-18 · published 2019-04-18T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/59808-getting-exchange-rates-right-cgtn
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Better exchange-rate measurement can change how policymakers judge currency misalignment in trade talks. It has no immediate effect on feed commodity prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-11-01 | [No major changes in the yuan’s exchange rate since August](https://feedsoft.ai/events/56297-no-major-changes-in-the-yuan-s-exchange-rate-since-august.md) | -0.9% | +0.0% |
| USDCNY | 2021-06-03 | [US-China economic talks put spotlight on yuan exchange rate as currency continues to surge \| South China Morning Post](https://feedsoft.ai/events/46818-us-china-economic-talks-put-spotlight-on-yuan-exchange-rate-as-currency.md) | +0.1% | +1.2% |
| USDCNY | 2019-11-22 | [Pricey currency exchange \| Merics](https://feedsoft.ai/events/56296-pricey-currency-exchange-merics.md) | +0.0% | -0.3% |
| USDCNY | 2017-10-18 | [China has ‘halted intervention in yuan exchange rate market’ \| South China Morning Post](https://feedsoft.ai/events/68678-china-has-halted-intervention-in-yuan-exchange-rate-market-south-china-morning.md) | +0.2% | -0.0% |
| USDCNY | 2018-04-01 | [Regulator warns Chinese not to ‘gamble’ on yuan exchange rate \| South China Morning Post](https://feedsoft.ai/events/65714-regulator-warns-chinese-not-to-gamble-on-yuan-exchange-rate-south-china-morning.md) | +0.5% | +1.0% |

## Sources

- news.cgtn.com: https://news.cgtn.com/news/3d3d674d346b444d34457a6333566d54/index.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.