NDF transactions began to appear around 1996. Singapore and Hong Kong’s RMB NDF markets are Asia’s leading offshore RMB forward trading markets. The market’s market reflects the expectations of the international community for changes in RMB exchange rates. The main players in the RMB NDF market are large banks and investment institutions in Europe and the United States and other places. Their clients are mainly multinational companies with large amounts of RMB income in China, as well as mainland Chinese companies headquartered in Hong Kong.

Variety Latest price Change
1 month 7.1324 -0.0116
2 months 7.1439 -0.0141
3 months 7.1559 -0.0141
6 months 7.2000 +0.0040
9 months 7.2230 +0.0041
1 year 7.2450 +0.0050
2 years 7.3480 +0.0050
3 years 7.4575 +0.0050
4 years 7.7537 +0.0037
5 years 7.6600 0.0000