Discover how a nation's balance of payments can affect its currency's exchange rate and the dynamics of its relationship in international financial markets.

After returning from my studies in the U.K., I was assigned to the planning section of the debt management division at the Ministry of Finance's financial bureau.

The magnitude of devaluation on August 11 is the largest since the current managed floating exchange rate system was introduced in July 2005. The midpoint rate of the yuan against the dollar ...