(Yicai Global) July 21 -- In June, the real effective exchange rate index of the yuan rose by 0.23 percent to 118.76, ending a four-month decline, show data released yesterday by Bank of International Settlements (BIS), an international financial institution owned by central banks.

The nominal effective exchange rate index of the yuan rose by 0.48 percent to 115.88 in June, according to the data by BIS, which is often referred to as the 'bank of central banks.' The real effective exchange rate of the yuan fell by 3.32 percent in the first half of 2017, while the nominal effective exchange rate fell by 2.27 percent.

The real effective exchange rate of the yuan fell by 5.69 percent in 2016 and the nominal effective exchange rate fell by 5.85 percent, which represents the first annual decline in seven years and the biggest decline since 2003.