"globe-shaking" "currency tumbled" "wild price swings" These terms are relative to whatever stability what there in the recent past. No matter how stable a mark

"globe-shaking" "currency tumbled" "wild price swings" These terms are relative to whatever stability what there in the recent past. No matter how stable a market is, when it starts to change, reporters are going to label it like that. The reality is everything's just fine. Look at the price of CNY in USD for the last 5 years. Before 2011 it was even lower, and nobody cared then. http://www.xe.com/currencycharts/?from=CNY&to=USD&view=5Y http://www.xe.com/currencycharts/?from=CNY&to=USD&view=5Y It's swung over a 10% range during that entire period. Who cares about 10% change in 5 years? This might be a small surprise for traders who expect it to change by less than a fraction of a percent each day, but for normal people it's not relevant. If the economy is collapsing, this exchange rate certainly isn't a sign of it.