General Musing

I think the RenMiBi ¥, Yuan, is probably a better investment than the US Dollar $ and Euro €. Had I invested the €10 a month that I didn’t spend on the Lottery in the Yuan I could have earned 20% in the first 6 months or 10% had I held on to it until 2011. With $10 I would have earned nothing for the first 6 months, and I could have ended the year up 5%. As a Dollar investment it looks like you can’t lose investing in Yuan, and with the adjustment of the currency basket in 2008 and the fickle nature of the US Dollar the CNY to EUR is more profitable and slightly more risky in the short term.

Image source: Han Xu. Graphs by Yahoo! Finance.