摘要
In the first three quarters of this year, and especially since mid-late July, the spot exchange rate of the yuan experienced a reversal from continously ckopping to slowly appreciating. In October, the spot rote and the central parity rates of the yuan kept surging, and especially at the end of the month, the spot exchange rote of the yuan agtinst the U.S. dollar touched the upper limit of the cktily floating range for seveml ys in a row, hitting a record high since the 1994 yuan exchange rate reform
