Building

Building Onshore
Onshore Versus
Versus Offshore
Offshore

The
Thepurpose
purposeof
ofthis
thismodel
modelisisto
toprovide
provideaacomparison
comparisonbetween
betweenbuilding
buildingan
anonshore
onshoreplant
plantin
inth
th
The
model
is
for
a
company
based
in
the
U.S.
with
sales
in
the
U.S.
However,
despite
transpor
The model is for a company based in the U.S. with sales in the U.S. However, despite transpo
in
inChina.
China.These
Theseinclude
includelower
lowervariable
variablecosts
costsand
andan
anexchange
exchangerate
ratethat
thatisislikely
likelyto
toimprove
improvethr
th
have
a
more
flexible
capacity
than
the
China
plant,
and
thus
able
to
satisfy
larger
demands.
have a more flexible capacity than the China plant, and thus able to satisfy larger demands.SS
straightforward
straightforwardone.
one.

The
Themodel
modelincludes
includesuncertainty
uncertaintyin
inthe
theexchange
exchangerate
rate(Chinese
(ChineseYuan
Yuanper
perUS
USDollar),
Dollar),weekly
weeklyde
de
available.
The
future
exchange
rates
are
based
on
fitting
historical
exchange
rates
with
available. The future exchange rates are based on fitting historical exchange rates withthe
theTi
T
best
bestfit,
fit,after
aftersuitable
suitabletransformations.)
transformations.)The
Theweekly
weeklydemands
demandsare
areassumed
assumedto
tobe
benormally
normallydist
dis
from
fromthe
theprevious
previousweek
weekand
andstandard
standarddeviation
deviationequal
equalto
toaagiven
givenpercentage
percentageof
ofthe
themean
meandem
dem
isisset
at
2000
units
(the
initial
mean
demand),
but
extra
capacity
is
available
each
week
if
set at 2000 units (the initial mean demand), but extra capacity is available each week ifnee
ne
distributed,
distributed,and
anditittends
tendsto
tobe
belarger
largerfor
forthe
theU.S.
U.S.plant.
plant.That
Thatis,
is,the
theU.S.
U.S.plant
planttends
tendsto
tobe
bemore
mor

Two
Twoimportant
importantassumptions
assumptionsof
ofthe
themodel
modelare
arethat
that(1)
(1)any
anydemand
demandin
inexcess
excessof
ofavailable
availablecapac
capa
included.
included.

AAnumber
numberof
of@RISK
@RISKoutput
outputcells
cellshave
havebeen
beendesiginated,
desiginated,including
includingdifferences
differencesbetween
betweenthe
theon
on
simulation,
you
should
find
that
the
offshore
option
is
almost
certainly
better
from
an
NPV
simulation, you should find that the offshore option is almost certainly better from an NPVsta
sta
number
numberof
ofunits
unitssold.
sold.The
Thelatter
latterisisdue
dueto
tothe
theless
lessflexible
flexibleChinese
Chineseplant.
plant.

nnonshore
onshoreplant
plantin
inthe
theU.S.
U.S.and
andbuilding
buildingan
anoffshore
offshoreplant
plantin
inChina.
China.
ver,
despite
transportation
costs,
there
might
be
benefits
to
ever, despite transportation costs, there might be benefits tobuilding
building
slikely
likelyto
toimprove
improvethrough
throughtime.
time.However,
However,the
theU.S.
U.S.plant
plantisislikely
likelyto
to
fy larger
sfy
largerdemands.
demands.So
Sothe
thechoice
choiceof
ofplant
plantlocation
locationisisnot
notaa

S Dollar),
US
Dollar),weekly
weeklydemand,
demand,and
andamounts
amountsof
ofextra
extraweekly
weeklycapacity
capacity
nge
rates
with
the
Time
Series
Fit
tool.
(An
MA1
process
nge rates with the Time Series Fit tool. (An MA1 processprovides
providesthe
the
d to
ed
tobe
benormally
normallydistributed
distributedwith
withmean
meanequal
equalto
tothe
theactual
actualdemand
demand
ge of
age
ofthe
themean
meandemand.
demand.The
Theplanned
plannedweekly
weeklycapacity
capacityof
ofeach
eachplant
plant
able
each
week
if
needed.
This
extra
capacity
is
triangularly
able each week if needed. This extra capacity is triangularly
ant
lanttends
tendsto
tobe
bemore
moreflexible
flexiblein
interms
termsof
ofcapacity.
capacity.

ss of
ess
ofavailable
availablecapacity
capacityisislost,
lost,and
and(2)
(2)no
nodepreciation
depreciationor
ortaxes
taxesare
are

nces
ncesbetween
betweenthe
theonshore
onshoreand
andoffshore
offshoreplants.
plants.When
Whenyou
yourun
runthe
the
tter
from
an
NPV
standpoint,
even
though
this
will
result
in
etter from an NPV standpoint, even though this will result inaa lower
lower

Inputs
Weekly demand (normally distributed)
Initial mean
2000
Mean other weeks
Previous week's demand
StdDev
7.0% of mean demand
Plant cost (incurred now)
Onshore (in US)
Offshort (in China)

4,600,000 USD
700,000 CNY

Variable cost onshore

Initial
% increase

30.00 USD
4.0% annually

Variable cost offshore

Initial
% increase

4.00 CNY
3.0% annually

Annual discount rate

Outputs
Discounted cash flows (USD)
Plant Cost
Variable Cost
Transit Cost
Revenue
NPV
Units Sold

10%

Onshore
4,600,000
6,425,502
0
12,638,868
1,613,365

Offshore
4,419,322
5,067,750
1,079,713
12,526,910
1,960,125

Difference
180,678
1,357,752
-1,079,713
111,957
-346,759

238,158

236,240

1,918

Simulation
Week
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14

Demand
2180
2239
2279
2493
2108
2140
2279
2276
2024
1695
1717
1718
1899
1977

Exchange rate
(CNY/USD)
#NAME?
0.1587
0.1589
0.1585
0.1585
0.1591
0.1593
0.1597
0.1600
0.1598
0.1600
0.1600
0.1600
0.1603
0.1606

Capacity
2168
2053
2076
2100
2242
2120
2103
2079
2061
2083
2041
2065
2075
2145

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62

2329
2384
2165
2082
2001
2067
1927
1996
2194
2187
2173
2342
2225
2264
2157
2265
2110
2073
2097
1818
1831
1734
1891
2050
1864
1898
1678
1686
1642
1502
1381
1426
1499
1535
1431
1393
1365
1461
1264
1210
1255
1265
1210
1117
1193
1190
1103
1074

0.1605
0.1608
0.1607
0.1608
0.1609
0.1608
0.1607
0.1607
0.1609
0.1609
0.1610
0.1608
0.1606
0.1605
0.1602
0.1603
0.1602
0.1605
0.1602
0.1600
0.1602
0.1605
0.1603
0.1606
0.1610
0.1608
0.1605
0.1607
0.1617
0.1620
0.1621
0.1617
0.1616
0.1617
0.1618
0.1619
0.1624
0.1622
0.1619
0.1620
0.1621
0.1626
0.1628
0.1630
0.1627
0.1627
0.1627
0.1628

2050
2130
2062
2233
2180
2056
2090
2096
2143
2119
2198
2247
2117
2212
2140
2176
2074
2185
2123
2158
2125
2114
2066
2170
2189
2184
2101
2054
2189
2135
2112
2104
2159
2043
2115
2234
2106
2041
2051
2094
2089
2108
2078
2150
2109
2090
2185
2155

63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110

1082
1136
1088
1034
1024
947
894
853
812
854
857
873
917
910
862
896
912
843
873
924
883
796
841
852
893
964
968
1083
1077
1027
941
870
857
903
886
972
884
832
856
868
797
806
783
811
744
766
717
730

0.1631
0.1636
0.1638
0.1636
0.1637
0.1638
0.1638
0.1638
0.1635
0.1634
0.1636
0.1635
0.1633
0.1636
0.1640
0.1640
0.1644
0.1647
0.1649
0.1648
0.1647
0.1641
0.1637
0.1641
0.1642
0.1642
0.1643
0.1644
0.1647
0.1650
0.1651
0.1652
0.1653
0.1654
0.1656
0.1657
0.1657
0.1656
0.1658
0.1657
0.1657
0.1654
0.1653
0.1652
0.1651
0.1647
0.1652
0.1653

2125
2125
2241
2026
2044
2193
2130
2076
2114
2109
2270
2088
2155
2185
2176
2144
2098
2138
2175
2220
2206
2148
2217
2182
2211
2135
2104
2196
2153
2093
2154
2234
2112
2205
2087
2141
2180
2048
2175
2240
2022
2075
2145
2027
2121
2107
2120
2114

111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158

810
823
931
934
937
831
735
783
739
800
742
640
578
580
610
609
561
607
622
544
562
560
527
564
540
471
443
418
382
370
385
410
419
450
469
465
483
506
521
496
438
434
420
432
435
477
479
487

0.1653
0.1660
0.1662
0.1667
0.1671
0.1672
0.1673
0.1673
0.1674
0.1671
0.1669
0.1673
0.1676
0.1673
0.1671
0.1672
0.1675
0.1676
0.1679
0.1676
0.1674
0.1675
0.1676
0.1673
0.1674
0.1675
0.1680
0.1680
0.1678
0.1679
0.1681
0.1681
0.1677
0.1680
0.1682
0.1680
0.1678
0.1678
0.1680
0.1682
0.1683
0.1687
0.1691
0.1695
0.1695
0.1695
0.1694
0.1693

2203
2159
2184
2017
2078
2284
2075
2068
2279
2115
2209
2205
2217
2096
2139
2134
2063
2101
2196
2092
2091
2207
2039
2107
2159
2057
2178
2133
2107
2077
2010
2111
2203
2179
2158
2091
2097
2162
2132
2200
2158
2116
2283
2071
2127
2161
2103
2099

159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206

497
438
452
427
450
470
488
471
457
454
453
508
490
507
440
437
412
443
435
502
536
560
529
569
512
543
514
510
456
477
487
476
555
512
506
509
527
595
651
706
718
699
651
725
686
649
596
685

0.1696
0.1694
0.1691
0.1691
0.1693
0.1696
0.1695
0.1697
0.1694
0.1692
0.1695
0.1698
0.1702
0.1703
0.1702
0.1704
0.1707
0.1708
0.1708
0.1711
0.1713
0.1713
0.1715
0.1719
0.1721
0.1718
0.1719
0.1716
0.1710
0.1706
0.1707
0.1709
0.1708
0.1712
0.1714
0.1712
0.1717
0.1719
0.1722
0.1726
0.1727
0.1732
0.1736
0.1736
0.1739
0.1740
0.1738
0.1737

2202
2111
2110
2281
2171
2064
2143
2065
2212
2109
2104
2197
2126
2163
2276
2149
2160
2071
2045
2081
2080
2173
2101
2126
2205
2078
2143
2081
2216
2092
2171
2186
2071
2221
2142
2214
2189
2119
2059
2255
2085
2162
2216
2089
2052
2064
2201
2154

207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254

551
498
515
493
442
487
470
548
510
530
536
542
527
576
587
529
473
490
528
521
541
502
459
493
503
512
548
580
558
632
688
683
680
693
862
779
687
666
615
689
673
683
767
715
649
632
572
584

0.1739
0.1744
0.1746
0.1746
0.1750
0.1752
0.1751
0.1752
0.1753
0.1752
0.1753
0.1755
0.1752
0.1752
0.1752
0.1756
0.1756
0.1761
0.1764
0.1764
0.1767
0.1766
0.1763
0.1760
0.1761
0.1764
0.1766
0.1767
0.1768
0.1774
0.1776
0.1776
0.1777
0.1776
0.1778
0.1777
0.1776
0.1774
0.1774
0.1778
0.1778
0.1783
0.1785
0.1791
0.1792
0.1793
0.1799
0.1800

2122
2070
2149
2220
2201
2073
2140
2089
2070
2112
2185
2130
2098
2026
2055
2111
2090
2046
2163
2257
2070
2160
2063
2060
2233
2124
2238
2036
2082
2114
2080
2069
2175
2122
2047
2054
2123
2103
2219
2201
2017
2129
2017
2113
2241
2124
2138
2092

255
256
257
258
259
260

640
619
589
580
602
625

0.1807
0.1806
0.1806
0.1806
0.1807
0.1810

2075
2148
2098
2099
2091
2181

Selling price
Initial
% increase

60.00 USD
3.0% annually

Planned weekly capacity

Onshore
2000

Offshore
2000

Weekly extra capacity available (triangularly distributed)

Onshore
Offshore
Minimum
0
0
Most likely
100
25
Maximum
300
100
Unit transit cost (China to US)
Initial
5.00 USD
% increase
5.0% annually

Onshore plant
Units sold

Variable
cost (USD)

Selling price
(USD)

Discounted Var
Cost (USD)

Discounted
Revenue (USD)

2168
2053
2076
2100
2108
2120
2103
2079
2024
1695
1717
1718
1899
1977

30.00
30.02
30.05
30.07
30.09
30.12
30.14
30.16
30.19
30.21
30.23
30.25
30.28
30.30

60.00
60.03
60.07
60.10
60.14
60.17
60.21
60.24
60.28
60.31
60.35
60.38
60.42
60.45

64915
61401
62017
62662
62828
63113
62535
61750
60047
50229
50822
50793
56080
58316

129830
122778
123987
125252
125560
126105
124926
123334
119910
100284
101449
101372
111901
116341

2050
2130
2062
2082
2001
2056
1927
1996
2143
2119
2173
2247
2117
2212
2140
2176
2074
2073
2097
1818
1831
1734
1891
2050
1864
1898
1678
1686
1642
1502
1381
1426
1499
1535
1431
1393
1365
1461
1264
1210
1255
1265
1210
1117
1193
1190
1103
1074

30.32
30.35
30.37
30.39
30.42
30.44
30.46
30.49
30.51
30.54
30.56
30.58
30.61
30.63
30.65
30.68
30.70
30.72
30.75
30.77
30.79
30.82
30.84
30.87
30.89
30.91
30.94
30.96
30.98
31.01
31.03
31.06
31.08
31.10
31.13
31.15
31.18
31.20
31.22
31.25
31.27
31.30
31.32
31.34
31.37
31.39
31.42
31.44

60.49
60.52
60.56
60.59
60.63
60.66
60.70
60.73
60.77
60.80
60.84
60.87
60.91
60.94
60.98
61.01
61.05
61.08
61.12
61.15
61.19
61.22
61.26
61.29
61.33
61.36
61.40
61.44
61.47
61.51
61.54
61.58
61.61
61.65
61.68
61.72
61.76
61.79
61.83
61.86
61.90
61.93
61.97
62.01
62.04
62.08
62.11
62.15

60400
62684
60613
61131
58685
60228
56385
58336
62560
61789
63290
65370
61517
64204
62042
63013
59991
59893
60516
52404
52718
49868
54320
58820
53422
54333
47980
48153
46843
42799
39306
40540
42567
43539
40542
39420
38583
41249
35646
34084
35311
35551
33966
31320
33412
33290
30820
29975

120475
125008
120855
121863
116964
120018
112336
116203
124593
123032
125998
130114
122421
127743
123419
125326
119291
119074
120290
104146
104750
99067
107892
116806
106066
107855
95225
95551
92932
84894
77951
80382
84384
86294
80340
78101
76428
81694
70583
67477
69892
70355
67205
61957
66083
65828
60934
59252

1082
1136
1088
1034
1024
947
894
853
812
854
857
873
917
910
862
896
912
843
873
924
883
796
841
852
893
964
968
1083
1077
1027
941
870
857
903
886
972
884
832
856
868
797
806
783
811
744
766
717
730

31.46
31.49
31.51
31.54
31.56
31.59
31.61
31.63
31.66
31.68
31.71
31.73
31.76
31.78
31.81
31.83
31.85
31.88
31.90
31.93
31.95
31.98
32.00
32.03
32.05
32.08
32.10
32.12
32.15
32.17
32.20
32.22
32.25
32.27
32.30
32.32
32.35
32.37
32.40
32.42
32.45
32.47
32.50
32.52
32.55
32.57
32.60
32.62

62.18
62.22
62.26
62.29
62.33
62.36
62.40
62.44
62.47
62.51
62.54
62.58
62.62
62.65
62.69
62.72
62.76
62.80
62.83
62.87
62.91
62.94
62.98
63.01
63.05
63.09
63.12
63.16
63.20
63.23
63.27
63.31
63.34
63.38
63.42
63.45
63.49
63.53
63.56
63.60
63.64
63.67
63.71
63.75
63.78
63.82
63.86
63.89

30164
31633
30261
28726
28416
26249
24751
23589
22429
23562
23618
24031
25213
24992
23646
24551
24960
23045
23838
25201
24055
21660
22858
23131
24216
26111
26189
29267
29071
27690
25342
23403
23026
24234
23751
26026
23643
22226
22841
23135
21218
21433
20797
21516
19716
20275
18957
19278

59613
62504
59783
56739
56115
51826
48860
46556
44259
46486
46586
47392
49714
49268
46607
48380
49178
45396
46948
49624
47359
42635
44985
45512
47638
51356
51500
57541
57145
54419
49795
45976
45228
47592
46633
51091
46403
43615
44813
45380
41612
42025
40771
42172
38636
39725
37134
37757

810
823
931
934
937
831
735
783
739
800
742
640
578
580
610
609
561
607
622
544
562
560
527
564
540
471
443
418
382
370
385
410
419
450
469
465
483
506
521
496
438
434
420
432
435
477
479
487

32.65
32.67
32.70
32.72
32.75
32.77
32.80
32.82
32.85
32.87
32.90
32.93
32.95
32.98
33.00
33.03
33.05
33.08
33.10
33.13
33.15
33.18
33.20
33.23
33.26
33.28
33.31
33.33
33.36
33.38
33.41
33.44
33.46
33.49
33.51
33.54
33.56
33.59
33.62
33.64
33.67
33.69
33.72
33.75
33.77
33.80
33.82
33.85

63.93
63.97
64.00
64.04
64.08
64.11
64.15
64.19
64.23
64.26
64.30
64.34
64.37
64.41
64.45
64.49
64.52
64.56
64.60
64.63
64.67
64.71
64.75
64.78
64.82
64.86
64.90
64.93
64.97
65.01
65.05
65.08
65.12
65.16
65.20
65.23
65.27
65.31
65.35
65.38
65.42
65.46
65.50
65.54
65.57
65.61
65.65
65.69

21366
21684
24501
24552
24602
21794
19254
20488
19314
20885
19348
16669
15037
15072
15833
15789
14528
15701
16070
14039
14487
14418
13553
14488
13856
12071
11340
10688
9756
9439
9810
10435
10652
11427
11896
11781
12223
12790
13154
12508
11033
10920
10555
10844
10907
11946
11983
12169

41838
42453
47959
48049
48138
42635
37659
40065
37763
40825
37814
32572
29377
29439
30920
30828
28360
30644
31359
27390
28258
28120
26427
28245
27007
23524
22096
20821
19002
18380
19100
20313
20731
22235
23142
22914
23769
24868
25570
24311
21439
21215
20503
21060
21178
23192
23258
23614

497
438
452
427
450
470
488
471
457
454
453
508
490
507
440
437
412
443
435
502
536
560
529
569
512
543
514
510
456
477
487
476
555
512
506
509
527
595
651
706
718
699
651
725
686
649
596
685

33.88
33.90
33.93
33.95
33.98
34.01
34.03
34.06
34.08
34.11
34.14
34.16
34.19
34.22
34.24
34.27
34.29
34.32
34.35
34.37
34.40
34.43
34.45
34.48
34.51
34.53
34.56
34.59
34.61
34.64
34.67
34.69
34.72
34.75
34.77
34.80
34.83
34.85
34.88
34.91
34.93
34.96
34.99
35.01
35.04
35.07
35.10
35.12

65.72
65.76
65.80
65.84
65.88
65.91
65.95
65.99
66.03
66.07
66.10
66.14
66.18
66.22
66.26
66.30
66.33
66.37
66.41
66.45
66.49
66.53
66.56
66.60
66.64
66.68
66.72
66.76
66.79
66.83
66.87
66.91
66.95
66.99
67.03
67.06
67.10
67.14
67.18
67.22
67.26
67.30
67.34
67.37
67.41
67.45
67.49
67.53

12404
10919
11255
10620
11180
11663
12096
11661
11301
11214
11177
12519
12062
12466
10806
10720
10095
10842
10634
12258
13073
13643
12873
13830
12430
13168
12450
12339
11020
11514
11742
11463
13350
12302
12144
12202
12619
14230
15552
16846
17113
16641
15480
17220
16275
15380
14107
16195

24067
21181
21829
20594
21674
22607
23441
22594
21893
21720
21643
24238
23348
24126
20909
20739
19526
20967
20561
23696
25267
26363
24870
26714
24006
25425
24035
23816
21266
22215
22650
22109
25744
23717
23408
23515
24314
27414
29954
32441
32948
32033
29793
33135
31311
29582
27130
31139

551
498
515
493
442
487
470
548
510
530
536
542
527
576
587
529
473
490
528
521
541
502
459
493
503
512
548
580
558
632
688
683
680
693
862
779
687
666
615
689
673
683
767
715
649
632
572
584

35.15
35.18
35.20
35.23
35.26
35.28
35.31
35.34
35.37
35.39
35.42
35.45
35.47
35.50
35.53
35.56
35.58
35.61
35.64
35.67
35.69
35.72
35.75
35.78
35.80
35.83
35.86
35.89
35.91
35.94
35.97
36.00
36.02
36.05
36.08
36.11
36.14
36.16
36.19
36.22
36.25
36.27
36.30
36.33
36.36
36.39
36.41
36.44

67.57
67.61
67.65
67.69
67.73
67.76
67.80
67.84
67.88
67.92
67.96
68.00
68.04
68.08
68.12
68.16
68.20
68.24
68.27
68.31
68.35
68.39
68.43
68.47
68.51
68.55
68.59
68.63
68.67
68.71
68.75
68.79
68.83
68.87
68.91
68.95
68.99
69.03
69.07
69.11
69.15
69.19
69.23
69.27
69.31
69.35
69.39
69.43

13012
11747
12134
11602
10390
11435
11023
12837
11933
12387
12513
12638
12274
13400
13640
12279
10966
11347
12213
12037
12485
11572
10568
11338
11555
11748
12559
13277
12759
14434
15695
15563
15477
15755
19574
17669
15565
15071
13901
15556
15177
15385
17257
16069
14569
14171
12811
13064

25014
22578
23317
22291
19958
21961
21165
24645
22905
23771
24008
24244
23542
25696
26152
23536
21016
21742
23397
23056
23909
22155
20230
21700
22110
22475
24023
25392
24396
27594
29999
29741
29570
30095
37384
33739
29715
28768
26529
29681
28953
29344
32908
30636
27771
27007
24410
24889

640
619
589
580
602
625

36.47
36.50
36.53
36.55
36.58
36.61

69.47
69.51
69.55
69.59
69.63
69.67

14301
13815
13131
12915
13390
13885

27239
26310
25001
24586
25484
26422

Offshore plant
Capacity

Units sold

Variable cost
(CNY)

2016
2027
2042
2029
2022
2020
2042
2070
2064
2028
2045
2029
2054
2006

2016
2027
2042
2029
2022
2020
2042
2070
2024
1695
1717
1718
1899
1977

4.00
4.00
4.00
4.01
4.01
4.01
4.01
4.02
4.02
4.02
4.02
4.03
4.03
4.03

Unit transit Selling price

cost (USD)
(USD)
5.00
5.00
5.01
5.01
5.02
5.02
5.03
5.03
5.04
5.04
5.05
5.05
5.06
5.06

60.00
60.03
60.07
60.10
60.14
60.17
60.21
60.24
60.28
60.31
60.35
60.38
60.42
60.45

Discounted Var
Cost (USD)
50731
50851
51309
50907
50469
50275
50651
51158
50011
41789
42264
42230
46535
48287

2032
2068
2047
2053
2075
2047
2005
2076
2025
2037
2025
2021
2029
2011
2083
2028
2043
2022
2025
2033
2019
2048
2023
2026
2078
2025
2071
2095
2049
2037
2037
2051
2018
2074
2067
2027
2020
2072
2054
2051
2020
2002
2032
2022
2032
2007
2087
2028

2032
2068
2047
2053
2001
2047
1927
1996
2025
2037
2025
2021
2029
2011
2083
2028
2043
2022
2025
1818
1831
1734
1891
2026
1864
1898
1678
1686
1642
1502
1381
1426
1499
1535
1431
1393
1365
1461
1264
1210
1255
1265
1210
1117
1193
1190
1103
1074

4.03
4.03
4.04
4.04
4.04
4.04
4.05
4.05
4.05
4.05
4.06
4.06
4.06
4.06
4.07
4.07
4.07
4.07
4.07
4.08
4.08
4.08
4.08
4.09
4.09
4.09
4.09
4.10
4.10
4.10
4.10
4.11
4.11
4.11
4.11
4.11
4.12
4.12
4.12
4.12
4.13
4.13
4.13
4.13
4.14
4.14
4.14
4.14

5.07
5.07
5.08
5.08
5.09
5.09
5.10
5.10
5.11
5.11
5.12
5.12
5.13
5.13
5.14
5.14
5.15
5.15
5.16
5.16
5.17
5.17
5.18
5.18
5.19
5.19
5.20
5.20
5.21
5.21
5.22
5.22
5.23
5.23
5.24
5.24
5.25
5.25
5.26
5.26
5.27
5.27
5.28
5.28
5.29
5.29
5.30
5.30

60.49
60.52
60.56
60.59
60.63
60.66
60.70
60.73
60.77
60.80
60.84
60.87
60.91
60.94
60.98
61.01
61.05
61.08
61.12
61.15
61.19
61.22
61.26
61.29
61.33
61.36
61.40
61.44
61.47
61.51
61.54
61.58
61.61
61.65
61.68
61.72
61.76
61.79
61.83
61.86
61.90
61.93
61.97
62.01
62.04
62.08
62.11
62.15

49613
50317
49764
49822
48470
49527
46590
48198
48779
49013
48632
48521
48699
48228
49984
48592
48890
48228
48345
43381
43589
41161
44869
47905
43922
44708
39549
39632
38321
34933
32068
33148
34816
35587
33108
32155
31381
33575
29056
27771
28751
28849
27521
25344
27079
26975
24971
24265

2039
2040
2037
2033
2043
2029
2028
2019
2036
2034
2024
2025
2086
2052
2005
2055
2063
2066
2024
2007
2063
2082
2085
2005
2060
2070
2028
2045
2041
2038
2058
2077
2056
2015
2029
2070
2041
2046
2049
2034
2046
2055
2052
2088
2034
2032
2056
2030

1082
1136
1088
1034
1024
947
894
853
812
854
857
873
917
910
862
896
912
843
873
924
883
796
841
852
893
964
968
1083
1077
1027
941
870
857
903
886
972
884
832
856
868
797
806
783
811
744
766
717
730

4.15
4.15
4.15
4.15
4.16
4.16
4.16
4.16
4.16
4.17
4.17
4.17
4.17
4.18
4.18
4.18
4.18
4.19
4.19
4.19
4.19
4.20
4.20
4.20
4.20
4.21
4.21
4.21
4.21
4.22
4.22
4.22
4.22
4.23
4.23
4.23
4.23
4.24
4.24
4.24
4.24
4.24
4.25
4.25
4.25
4.25
4.26
4.26

5.31
5.31
5.32
5.32
5.33
5.33
5.34
5.34
5.35
5.35
5.36
5.36
5.37
5.37
5.38
5.38
5.39
5.39
5.40
5.40
5.41
5.42
5.42
5.43
5.43
5.44
5.44
5.45
5.45
5.46
5.46
5.47
5.47
5.48
5.48
5.49
5.49
5.50
5.50
5.51
5.51
5.52
5.53
5.53
5.54
5.54
5.55
5.55

62.18
62.22
62.26
62.29
62.33
62.36
62.40
62.44
62.47
62.51
62.54
62.58
62.62
62.65
62.69
62.72
62.76
62.80
62.83
62.87
62.91
62.94
62.98
63.01
63.05
63.09
63.12
63.16
63.20
63.23
63.27
63.31
63.34
63.38
63.42
63.45
63.49
63.53
63.56
63.60
63.64
63.67
63.71
63.75
63.78
63.82
63.86
63.89

24374
25471
24337
23124
22848
21096
19881
18944
18048
18968
18988
19318
20294
20078
18941
19663
19941
18377
18981
20072
19175
17322
18324
18484
19346
20849
20893
23337
23131
21990
20105
18556
18244
19186
18771
20552
18668
17559
18020
18257
16740
16942
16446
17019
15605
16077
14985
15224

2013
2075
2060
2034
2012
2071
2029
2038
2053
2025
2047
2032
2043
2038
2031
2076
2065
2075
2009
2025
2016
2033
2033
2091
2067
2048
2079
2004
2036
2068
2023
2029
2048
2032
2051
2031
2063
2056
2038
2062
2024
2037
2037
2035
2026
2032
2078
2080

810
823
931
934
937
831
735
783
739
800
742
640
578
580
610
609
561
607
622
544
562
560
527
564
540
471
443
418
382
370
385
410
419
450
469
465
483
506
521
496
438
434
420
432
435
477
479
487

4.26
4.26
4.27
4.27
4.27
4.27
4.28
4.28
4.28
4.28
4.29
4.29
4.29
4.29
4.30
4.30
4.30
4.30
4.31
4.31
4.31
4.31
4.32
4.32
4.32
4.32
4.33
4.33
4.33
4.33
4.34
4.34
4.34
4.34
4.35
4.35
4.35
4.35
4.36
4.36
4.36
4.36
4.37
4.37
4.37
4.37
4.38
4.38

5.56
5.56
5.57
5.57
5.58
5.58
5.59
5.60
5.60
5.61
5.61
5.62
5.62
5.63
5.63
5.64
5.64
5.65
5.65
5.66
5.67
5.67
5.68
5.68
5.69
5.69
5.70
5.70
5.71
5.71
5.72
5.73
5.73
5.74
5.74
5.75
5.75
5.76
5.76
5.77
5.78
5.78
5.79
5.79
5.80
5.80
5.81
5.81

63.93
63.97
64.00
64.04
64.08
64.11
64.15
64.19
64.23
64.26
64.30
64.34
64.37
64.41
64.45
64.49
64.52
64.56
64.60
64.63
64.67
64.71
64.75
64.78
64.82
64.86
64.90
64.93
64.97
65.01
65.05
65.08
65.12
65.16
65.20
65.23
65.27
65.31
65.35
65.38
65.42
65.46
65.50
65.54
65.57
65.61
65.65
65.69

16873
17053
19234
19219
19200
16999
15005
15966
15043
16291
15101
12981
11685
11728
12337
12293
11286
12189
12454
10892
11256
11190
10514
11252
10753
9361
8771
8265
7547
7298
7574
8057
8243
8822
9171
9091
9441
9878
10144
9633
8492
8384
8082
8285
8330
9121
9152
9297

2022
2032
2073
2067
2031
2045
2057
2014
2046
2056
2033
2004
2013
2045
2037
2038
2057
2030
2034
2021
2061
2054
2027
2035
2084
2035
2040
2008
2047
2037
2025
2035
2043
2025
2066
2039
2059
2054
2028
2083
2045
2024
2034
2048
2029
2048
2016
2020

497
438
452
427
450
470
488
471
457
454
453
508
490
507
440
437
412
443
435
502
536
560
529
569
512
543
514
510
456
477
487
476
555
512
506
509
527
595
651
706
718
699
651
725
686
649
596
685

4.38
4.38
4.39
4.39
4.39
4.39
4.40
4.40
4.40
4.40
4.41
4.41
4.41
4.41
4.42
4.42
4.42
4.42
4.43
4.43
4.43
4.44
4.44
4.44
4.44
4.45
4.45
4.45
4.45
4.46
4.46
4.46
4.46
4.47
4.47
4.47
4.47
4.48
4.48
4.48
4.48
4.49
4.49
4.49
4.49
4.50
4.50
4.50

5.82
5.83
5.83
5.84
5.84
5.85
5.85
5.86
5.86
5.87
5.88
5.88
5.89
5.89
5.90
5.90
5.91
5.92
5.92
5.93
5.93
5.94
5.94
5.95
5.96
5.96
5.97
5.97
5.98
5.98
5.99
6.00
6.00
6.01
6.01
6.02
6.02
6.03
6.04
6.04
6.05
6.05
6.06
6.07
6.07
6.08
6.08
6.09

65.72
65.76
65.80
65.84
65.88
65.91
65.95
65.99
66.03
66.07
66.10
66.14
66.18
66.22
66.26
66.30
66.33
66.37
66.41
66.45
66.49
66.53
66.56
66.60
66.64
66.68
66.72
66.76
66.79
66.83
66.87
66.91
66.95
66.99
67.03
67.06
67.10
67.14
67.18
67.22
67.26
67.30
67.34
67.37
67.41
67.45
67.49
67.53

9462
8335
8607
8119
8532
8887
9219
8877
8618
8559
8514
9518
9145
9445
8192
8113
7624
8182
8026
9231
9831
10260
9667
10361
9299
9867
9320
9252
8293
8682
8844
8624
10047
9236
9102
9157
9441
10631
11595
12530
12716
12327
11441
12723
12002
11331
10405
11949

2037
2052
2019
2021
2080
2006
2020
2043
2061
2039
2061
2084
2032
2038
2081
2026
2066
2096
2022
2032
2033
2016
2058
2031
2046
2026
2025
2060
2020
2030
2036
2067
2008
2031
2071
2045
2029
2040
2051
2073
2025
2055
2028
2021
2041
2017
2024
2025

551
498
515
493
442
487
470
548
510
530
536
542
527
576
587
529
473
490
528
521
541
502
459
493
503
512
548
580
558
632
688
683
680
693
862
779
687
666
615
689
673
683
767
715
649
632
572
584

4.50
4.51
4.51
4.51
4.52
4.52
4.52
4.52
4.53
4.53
4.53
4.53
4.54
4.54
4.54
4.54
4.55
4.55
4.55
4.55
4.56
4.56
4.56
4.56
4.57
4.57
4.57
4.58
4.58
4.58
4.58
4.59
4.59
4.59
4.59
4.60
4.60
4.60
4.60
4.61
4.61
4.61
4.62
4.62
4.62
4.62
4.63
4.63

6.09
6.10
6.11
6.11
6.12
6.12
6.13
6.14
6.14
6.15
6.15
6.16
6.17
6.17
6.18
6.18
6.19
6.20
6.20
6.21
6.21
6.22
6.22
6.23
6.24
6.24
6.25
6.25
6.26
6.27
6.27
6.28
6.29
6.29
6.30
6.30
6.31
6.32
6.32
6.33
6.33
6.34
6.35
6.35
6.36
6.36
6.37
6.38

67.57
67.61
67.65
67.69
67.73
67.76
67.80
67.84
67.88
67.92
67.96
68.00
68.04
68.08
68.12
68.16
68.20
68.24
68.27
68.31
68.35
68.39
68.43
68.47
68.51
68.55
68.59
68.63
68.67
68.71
68.75
68.79
68.83
68.87
68.91
68.95
68.99
69.03
69.07
69.11
69.15
69.19
69.23
69.27
69.31
69.35
69.39
69.43

9590
8629
8905
8511
7601
8358
8060
9376
8713
9046
9131
9211
8960
9777
9950
8934
7978
8231
8842
8716
9019
8363
7651
8221
8369
8493
9070
9581
9197
10368
11258
11164
11092
11295
14017
12659
11157
10812
9971
11128
10855
10973
12288
11403
10332
10039
9048
9219

2025
2015
2033
2024
2012
2022

640
619
589
580
602
625

4.63
4.63
4.64
4.64
4.64
4.64

6.38
6.39
6.39
6.40
6.41
6.41

69.47
69.51
69.55
69.59
69.63
69.67

10052
9710
9230
9075
9402
9733

Discounted Transit
Cost (USD)

Discounted
Revenue (USD)

10061
10106
10171
10096
10052
10032
10132
10261
10023
8386
8487
8483
9368
9744

120728
121223
121956
121017
120438
120157
121302
122800
119910
100284
101449
101372
111901
116341

10005
10173
10060
10079
9815
10031
9434
9762
9894
9943
9875
9846
9876
9779
10119
9843
9906
9795
9800
8790
8844
8367
9116
9758
8969
9124
8058
8089
7870
7192
6607
6815
7157
7322
6820
6632
6493
6943
6001
5739
5947
5988
5722
5277
5631
5612
5196
5055

119417
121369
119975
120165
116964
119493
112336
116203
117732
118271
117416
117027
117332
116135
120132
116802
117508
116144
116160
104146
104750
99067
107892
115439
106066
107855
95225
95551
92932
84894
77951
80382
84384
86294
80340
78101
76428
81694
70583
67477
69892
70355
67205
61957
66083
65828
60934
59252

5088
5336
5106
4848
4796
4431
4179
3984
3789
3981
3991
4062
4262
4226
3999
4153
4223
3900
4035
4266
4073
3668
3872
3919
4103
4425
4439
4962
4930
4696
4299
3971
3908
4113
4032
4419
4015
3776
3881
3931
3606
3644
3536
3659
3354
3449
3226
3281

59613
62504
59783
56739
56115
51826
48860
46556
44259
46486
46586
47392
49714
49268
46607
48380
49178
45396
46948
49624
47359
42635
44985
45512
47638
51356
51500
57541
57145
54419
49795
45976
45228
47592
46633
51091
46403
43615
44813
45380
41612
42025
40771
42172
38636
39725
37134
37757

3637
3692
4172
4182
4191
3713
3281
3492
3293
3561
3300
2844
2566
2572
2702
2695
2481
2681
2745
2399
2476
2464
2317
2477
2369
2065
1940
1829
1670
1616
1680
1787
1824
1958
2038
2019
2095
2193
2256
2145
1893
1874
1811
1861
1872
2051
2058
2090

41838
42453
47959
48049
48138
42635
37659
40065
37763
40825
37814
32572
29377
29439
30920
30828
28360
30644
31359
27390
28258
28120
26427
28245
27007
23524
22096
20821
19002
18380
19100
20313
20731
22235
23142
22914
23769
24868
25570
24311
21439
21215
20503
21060
21178
23192
23258
23614

2131
1876
1934
1826
1922
2006
2081
2006
1945
1930
1924
2155
2077
2147
1862
1847
1740
1869
1833
2114
2255
2353
2221
2387
2145
2273
2150
2131
1903
1989
2029
1981
2308
2127
2100
2110
2183
2462
2691
2916
2963
2882
2681
2983
2820
2665
2445
2808

24067
21181
21829
20594
21674
22607
23441
22594
21893
21720
21643
24238
23348
24126
20909
20739
19526
20967
20561
23696
25267
26363
24870
26714
24006
25425
24035
23816
21266
22215
22650
22109
25744
23717
23408
23515
24314
27414
29954
32441
32948
32033
29793
33135
31311
29582
27130
31139

2256
2037
2105
2013
1803
1985
1914
2229
2072
2152
2174
2196
2133
2329
2372
2135
1907
1974
2125
2095
2173
2015
1840
1975
2013
2047
2189
2314
2224
2517
2737
2715
2700
2749
3416
3084
2718
2632
2428
2718
2652
2689
3017
2809
2548
2478
2241
2286

25014
22578
23317
22291
19958
21961
21165
24645
22905
23771
24008
24244
23542
25696
26152
23536
21016
21742
23397
23056
23909
22155
20230
21700
22110
22475
24023
25392
24396
27594
29999
29741
29570
30095
37384
33739
29715
28768
26529
29681
28953
29344
32908
30636
27771
27007
24410
24889

2503
2418
2299
2262
2345
2432

27239
26310
25001
24586
25484
26422

Week
Jan 9, 2006 - Jan 15, 2006
Jan 16, 2006 - Jan 22, 2006
Jan 23, 2006 - Jan 29, 2006
Jan 30, 2006 - Feb 5, 2006
Feb 6, 2006 - Feb 12, 2006
Feb 13, 2006 - Feb 19, 2006
Feb 20, 2006 - Feb 26, 2006
Feb 27, 2006 - Mar 5, 2006
Mar 6, 2006 - Mar 12, 2006
Mar 13, 2006 - Mar 19, 2006
Mar 20, 2006 - Mar 26, 2006
Mar 27, 2006 - Apr 2, 2006
Apr 3, 2006 - Apr 9, 2006
Apr 10, 2006 - Apr 16, 2006
Apr 17, 2006 - Apr 23, 2006
Apr 24, 2006 - Apr 30, 2006
May 1, 2006 - May 7, 2006
May 8, 2006 - May 14, 2006
May 15, 2006 - May 21, 2006
May 22, 2006 - May 28, 2006
May 29, 2006 - Jun 4, 2006
Jun 5, 2006 - Jun 11, 2006
Jun 12, 2006 - Jun 18, 2006
Jun 19, 2006 - Jun 25, 2006
Jun 26, 2006 - Jul 2, 2006
Jul 3, 2006 - Jul 9, 2006
Jul 10, 2006 - Jul 16, 2006
Jul 17, 2006 - Jul 23, 2006
Jul 24, 2006 - Jul 30, 2006
Jul 31, 2006 - Aug 6, 2006
Aug 7, 2006 - Aug 13, 2006
Aug 14, 2006 - Aug 20, 2006
Aug 21, 2006 - Aug 27, 2006
Aug 28, 2006 - Sep 3, 2006
Sep 4, 2006 - Sep 10, 2006
Sep 11, 2006 - Sep 17, 2006
Sep 18, 2006 - Sep 24, 2006
Sep 25, 2006 - Oct 1, 2006
Oct 2, 2006 - Oct 8, 2006
Oct 9, 2006 - Oct 15, 2006
Oct 16, 2006 - Oct 22, 2006
Oct 23, 2006 - Oct 29, 2006
Oct 30, 2006 - Nov 5, 2006
Nov 6, 2006 - Nov 12, 2006

CNY/USD
0.1239
0.1239
0.1240
0.1240
0.1241
0.1242
0.1242
0.1243
0.1243
0.1243
0.1244
0.1245
0.1246
0.1247
0.1246
0.1246
0.1246
0.1247
0.1247
0.1245
0.1245
0.1246
0.1247
0.1248
0.1249
0.1250
0.1250
0.1250
0.1251
0.1252
0.1252
0.1251
0.1253
0.1254
0.1257
0.1257
0.1259
0.1263
0.1263
0.1263
0.1263
0.1265
0.1268
0.1269

http://www.oanda.com/currency/historical-rates/

CNY
0.1800
0.1600
0.1400
0.1200
0.1000
0.0800
0.0600
0.0400
0.0200
0.0000

Nov 13, 2006 - Nov 19, 2006

Nov 20, 2006 - Nov 26, 2006
Nov 27, 2006 - Dec 3, 2006
Dec 4, 2006 - Dec 10, 2006
Dec 11, 2006 - Dec 17, 2006
Dec 18, 2006 - Dec 24, 2006
Dec 25, 2006 - Dec 31, 2006
Jan 1, 2007 - Jan 7, 2007
Jan 8, 2007 - Jan 14, 2007
Jan 15, 2007 - Jan 21, 2007
Jan 22, 2007 - Jan 28, 2007
Jan 29, 2007 - Feb 4, 2007
Feb 5, 2007 - Feb 11, 2007
Feb 12, 2007 - Feb 18, 2007
Feb 19, 2007 - Feb 25, 2007
Feb 26, 2007 - Mar 4, 2007
Mar 5, 2007 - Mar 11, 2007
Mar 12, 2007 - Mar 18, 2007
Mar 19, 2007 - Mar 25, 2007
Mar 26, 2007 - Apr 1, 2007
Apr 2, 2007 - Apr 8, 2007
Apr 9, 2007 - Apr 15, 2007
Apr 16, 2007 - Apr 22, 2007
Apr 23, 2007 - Apr 29, 2007
Apr 30, 2007 - May 6, 2007
May 7, 2007 - May 13, 2007
May 14, 2007 - May 20, 2007
May 21, 2007 - May 27, 2007
May 28, 2007 - Jun 3, 2007
Jun 4, 2007 - Jun 10, 2007
Jun 11, 2007 - Jun 17, 2007
Jun 18, 2007 - Jun 24, 2007
Jun 25, 2007 - Jul 1, 2007
Jul 2, 2007 - Jul 8, 2007
Jul 9, 2007 - Jul 15, 2007
Jul 16, 2007 - Jul 22, 2007
Jul 23, 2007 - Jul 29, 2007
Jul 30, 2007 - Aug 5, 2007
Aug 6, 2007 - Aug 12, 2007
Aug 13, 2007 - Aug 19, 2007
Aug 20, 2007 - Aug 26, 2007
Aug 27, 2007 - Sep 2, 2007
Sep 3, 2007 - Sep 9, 2007
Sep 10, 2007 - Sep 16, 2007
Sep 17, 2007 - Sep 23, 2007

0.1269
0.1270
0.1274
0.1276
0.1276
0.1277
0.1278
0.1279
0.1280
0.1283
0.1285
0.1286
0.1288
0.1288
0.1289
0.1290
0.1290
0.1290
0.1292
0.1292
0.1292
0.1293
0.1293
0.1293
0.1296
0.1298
0.1301
0.1304
0.1306
0.1306
0.1307
0.1310
0.1311
0.1314
0.1318
0.1320
0.1321
0.1320
0.1319
0.1316
0.1317
0.1322
0.1324
0.1328
0.1329

Sep 24, 2007 - Sep 30, 2007

Oct 1, 2007 - Oct 7, 2007
Oct 8, 2007 - Oct 14, 2007
Oct 15, 2007 - Oct 21, 2007
Oct 22, 2007 - Oct 28, 2007
Oct 29, 2007 - Nov 4, 2007
Nov 5, 2007 - Nov 11, 2007
Nov 12, 2007 - Nov 18, 2007
Nov 19, 2007 - Nov 25, 2007
Nov 26, 2007 - Dec 2, 2007
Dec 3, 2007 - Dec 9, 2007
Dec 10, 2007 - Dec 16, 2007
Dec 17, 2007 - Dec 23, 2007
Dec 24, 2007 - Dec 30, 2007
Dec 31, 2007 - Jan 6, 2008
Jan 7, 2008 - Jan 13, 2008
Jan 14, 2008 - Jan 20, 2008
Jan 21, 2008 - Jan 27, 2008
Jan 28, 2008 - Feb 3, 2008
Feb 4, 2008 - Feb 10, 2008
Feb 11, 2008 - Feb 17, 2008
Feb 18, 2008 - Feb 24, 2008
Feb 25, 2008 - Mar 2, 2008
Mar 3, 2008 - Mar 9, 2008
Mar 10, 2008 - Mar 16, 2008
Mar 17, 2008 - Mar 23, 2008
Mar 24, 2008 - Mar 30, 2008
Mar 31, 2008 - Apr 6, 2008
Apr 7, 2008 - Apr 13, 2008
Apr 14, 2008 - Apr 20, 2008
Apr 21, 2008 - Apr 27, 2008
Apr 28, 2008 - May 4, 2008
May 5, 2008 - May 11, 2008
May 12, 2008 - May 18, 2008
May 19, 2008 - May 25, 2008
May 26, 2008 - Jun 1, 2008
Jun 2, 2008 - Jun 8, 2008
Jun 9, 2008 - Jun 15, 2008
Jun 16, 2008 - Jun 22, 2008
Jun 23, 2008 - Jun 29, 2008
Jun 30, 2008 - Jul 6, 2008
Jul 7, 2008 - Jul 13, 2008
Jul 14, 2008 - Jul 20, 2008
Jul 21, 2008 - Jul 27, 2008
Jul 28, 2008 - Aug 3, 2008

0.1330
0.1330
0.1330
0.1329
0.1332
0.1337
0.1343
0.1345
0.1347
0.1351
0.1349
0.1353
0.1355
0.1360
0.1370
0.1374
0.1378
0.1382
0.1389
0.1389
0.1389
0.1396
0.1400
0.1405
0.1406
0.1412
0.1420
0.1423
0.1426
0.1428
0.1427
0.1428
0.1428
0.1428
0.1435
0.1438
0.1440
0.1444
0.1450
0.1454
0.1456
0.1458
0.1463
0.1463
0.1461

Aug 4, 2008 - Aug 10, 2008

Aug 11, 2008 - Aug 17, 2008
Aug 18, 2008 - Aug 24, 2008
Aug 25, 2008 - Aug 31, 2008
Sep 1, 2008 - Sep 7, 2008
Sep 8, 2008 - Sep 14, 2008
Sep 15, 2008 - Sep 21, 2008
Sep 22, 2008 - Sep 28, 2008
Sep 29, 2008 - Oct 5, 2008
Oct 6, 2008 - Oct 12, 2008
Oct 13, 2008 - Oct 19, 2008
Oct 20, 2008 - Oct 26, 2008
Oct 27, 2008 - Nov 2, 2008
Nov 3, 2008 - Nov 9, 2008
Nov 10, 2008 - Nov 16, 2008
Nov 17, 2008 - Nov 23, 2008
Nov 24, 2008 - Nov 30, 2008
Dec 1, 2008 - Dec 7, 2008
Dec 8, 2008 - Dec 14, 2008
Dec 15, 2008 - Dec 21, 2008
Dec 22, 2008 - Dec 28, 2008
Dec 29, 2008 - Jan 4, 2009
Jan 5, 2009 - Jan 11, 2009
Jan 12, 2009 - Jan 18, 2009
Jan 19, 2009 - Jan 25, 2009
Jan 26, 2009 - Feb 1, 2009
Feb 2, 2009 - Feb 8, 2009
Feb 9, 2009 - Feb 15, 2009
Feb 16, 2009 - Feb 22, 2009
Feb 23, 2009 - Mar 1, 2009
Mar 2, 2009 - Mar 8, 2009
Mar 9, 2009 - Mar 15, 2009
Mar 16, 2009 - Mar 22, 2009
Mar 23, 2009 - Mar 29, 2009
Mar 30, 2009 - Apr 5, 2009
Apr 6, 2009 - Apr 12, 2009
Apr 13, 2009 - Apr 19, 2009
Apr 20, 2009 - Apr 26, 2009
Apr 27, 2009 - May 3, 2009
May 4, 2009 - May 10, 2009
May 11, 2009 - May 17, 2009
May 18, 2009 - May 24, 2009
May 25, 2009 - May 31, 2009
Jun 1, 2009 - Jun 7, 2009
Jun 8, 2009 - Jun 14, 2009

0.1457
0.1455
0.1457
0.1460
0.1460
0.1460
0.1459
0.1461
0.1459
0.1462
0.1461
0.1459
0.1458
0.1460
0.1462
0.1462
0.1462
0.1453
0.1455
0.1458
0.1457
0.1459
0.1461
0.1461
0.1460
0.1460
0.1460
0.1461
0.1461
0.1460
0.1459
0.1460
0.1461
0.1462
0.1461
0.1461
0.1461
0.1462
0.1463
0.1464
0.1464
0.1463
0.1462
0.1462
0.1461

Jun 15, 2009 - Jun 21, 2009

Jun 22, 2009 - Jun 28, 2009
Jun 29, 2009 - Jul 5, 2009
Jul 6, 2009 - Jul 12, 2009
Jul 13, 2009 - Jul 19, 2009
Jul 20, 2009 - Jul 26, 2009
Jul 27, 2009 - Aug 2, 2009
Aug 3, 2009 - Aug 9, 2009
Aug 10, 2009 - Aug 16, 2009
Aug 17, 2009 - Aug 23, 2009
Aug 24, 2009 - Aug 30, 2009
Aug 31, 2009 - Sep 6, 2009
Sep 7, 2009 - Sep 13, 2009
Sep 14, 2009 - Sep 20, 2009
Sep 21, 2009 - Sep 27, 2009
Sep 28, 2009 - Oct 4, 2009
Oct 5, 2009 - Oct 11, 2009
Oct 12, 2009 - Oct 18, 2009
Oct 19, 2009 - Oct 25, 2009
Oct 26, 2009 - Nov 1, 2009
Nov 2, 2009 - Nov 8, 2009
Nov 9, 2009 - Nov 15, 2009
Nov 16, 2009 - Nov 22, 2009
Nov 23, 2009 - Nov 29, 2009
Nov 30, 2009 - Dec 6, 2009
Dec 7, 2009 - Dec 13, 2009
Dec 14, 2009 - Dec 20, 2009
Dec 21, 2009 - Dec 27, 2009
Dec 28, 2009 - Jan 3, 2010
Jan 4, 2010 - Jan 10, 2010
Jan 11, 2010 - Jan 17, 2010
Jan 18, 2010 - Jan 24, 2010
Jan 25, 2010 - Jan 31, 2010
Feb 1, 2010 - Feb 7, 2010
Feb 8, 2010 - Feb 14, 2010
Feb 15, 2010 - Feb 21, 2010
Feb 22, 2010 - Feb 28, 2010
Mar 1, 2010 - Mar 7, 2010
Mar 8, 2010 - Mar 14, 2010
Mar 15, 2010 - Mar 21, 2010
Mar 22, 2010 - Mar 28, 2010
Mar 29, 2010 - Apr 4, 2010
Apr 5, 2010 - Apr 11, 2010
Apr 12, 2010 - Apr 18, 2010
Apr 19, 2010 - Apr 25, 2010

0.1461
0.1461
0.1461
0.1461
0.1462
0.1462
0.1461
0.1462
0.1461
0.1462
0.1462
0.1462
0.1462
0.1463
0.1462
0.1463
0.1463
0.1463
0.1463
0.1462
0.1463
0.1463
0.1463
0.1462
0.1463
0.1463
0.1462
0.1463
0.1463
0.1463
0.1463
0.1463
0.1463
0.1463
0.1462
0.1462
0.1463
0.1463
0.1463
0.1463
0.1463
0.1463
0.1463
0.1463
0.1465

Apr 26, 2010 - May 2, 2010

May 3, 2010 - May 9, 2010
May 10, 2010 - May 16, 2010
May 17, 2010 - May 23, 2010
May 24, 2010 - May 30, 2010
May 31, 2010 - Jun 6, 2010
Jun 7, 2010 - Jun 13, 2010
Jun 14, 2010 - Jun 20, 2010
Jun 21, 2010 - Jun 27, 2010
Jun 28, 2010 - Jul 4, 2010
Jul 5, 2010 - Jul 11, 2010
Jul 12, 2010 - Jul 18, 2010
Jul 19, 2010 - Jul 25, 2010
Jul 26, 2010 - Aug 1, 2010
Aug 2, 2010 - Aug 8, 2010
Aug 9, 2010 - Aug 15, 2010
Aug 16, 2010 - Aug 22, 2010
Aug 23, 2010 - Aug 29, 2010
Aug 30, 2010 - Sep 5, 2010
Sep 6, 2010 - Sep 12, 2010
Sep 13, 2010 - Sep 19, 2010
Sep 20, 2010 - Sep 26, 2010
Sep 27, 2010 - Oct 3, 2010
Oct 4, 2010 - Oct 10, 2010
Oct 11, 2010 - Oct 17, 2010
Oct 18, 2010 - Oct 24, 2010
Oct 25, 2010 - Oct 31, 2010
Nov 1, 2010 - Nov 7, 2010
Nov 8, 2010 - Nov 14, 2010
Nov 15, 2010 - Nov 21, 2010
Nov 22, 2010 - Nov 28, 2010
Nov 29, 2010 - Dec 5, 2010
Dec 6, 2010 - Dec 12, 2010
Dec 13, 2010 - Dec 19, 2010
Dec 20, 2010 - Dec 26, 2010
Dec 27, 2010 - Jan 2, 2011
Jan 3, 2011 - Jan 9, 2011
Jan 10, 2011 - Jan 16, 2011
Jan 17, 2011 - Jan 23, 2011
Jan 24, 2011 - Jan 30, 2011
Jan 31, 2011 - Feb 6, 2011
Feb 7, 2011 - Feb 13, 2011
Feb 14, 2011 - Feb 20, 2011
Feb 21, 2011 - Feb 27, 2011
Feb 28, 2011 - Mar 6, 2011

0.1463
0.1463
0.1463
0.1463
0.1462
0.1462
0.1462
0.1461
0.1467
0.1472
0.1474
0.1474
0.1473
0.1474
0.1474
0.1473
0.1470
0.1469
0.1468
0.1472
0.1481
0.1488
0.1492
0.1494
0.1500
0.1502
0.1497
0.1497
0.1502
0.1504
0.1501
0.1499
0.1500
0.1500
0.1501
0.1511
0.1511
0.1511
0.1517
0.1517
0.1519
0.1518
0.1516
0.1519
0.1520

Mar 7, 2011 - Mar 13, 2011

Mar 14, 2011 - Mar 20, 2011
Mar 21, 2011 - Mar 27, 2011
Mar 28, 2011 - Apr 3, 2011
Apr 4, 2011 - Apr 10, 2011
Apr 11, 2011 - Apr 17, 2011
Apr 18, 2011 - Apr 24, 2011
Apr 25, 2011 - May 1, 2011
May 2, 2011 - May 8, 2011
May 9, 2011 - May 15, 2011
May 16, 2011 - May 22, 2011
May 23, 2011 - May 29, 2011
May 30, 2011 - Jun 5, 2011
Jun 6, 2011 - Jun 12, 2011
Jun 13, 2011 - Jun 19, 2011
Jun 20, 2011 - Jun 26, 2011
Jun 27, 2011 - Jul 3, 2011
Jul 4, 2011 - Jul 10, 2011
Jul 11, 2011 - Jul 17, 2011
Jul 18, 2011 - Jul 24, 2011
Jul 25, 2011 - Jul 31, 2011
Aug 1, 2011 - Aug 7, 2011
Aug 8, 2011 - Aug 14, 2011
Aug 15, 2011 - Aug 21, 2011
Aug 22, 2011 - Aug 28, 2011
Aug 29, 2011 - Sep 4, 2011
Sep 5, 2011 - Sep 11, 2011
Sep 12, 2011 - Sep 18, 2011
Sep 19, 2011 - Sep 25, 2011
Sep 26, 2011 - Oct 2, 2011
Oct 3, 2011 - Oct 9, 2011
Oct 10, 2011 - Oct 16, 2011
Oct 17, 2011 - Oct 23, 2011
Oct 24, 2011 - Oct 30, 2011
Oct 31, 2011 - Nov 6, 2011
Nov 7, 2011 - Nov 13, 2011
Nov 14, 2011 - Nov 20, 2011
Nov 21, 2011 - Nov 27, 2011
Nov 28, 2011 - Dec 4, 2011
Dec 5, 2011 - Dec 11, 2011
Dec 12, 2011 - Dec 18, 2011
Dec 19, 2011 - Dec 25, 2011
Dec 26, 2011 - Jan 1, 2012
Jan 2, 2012 - Jan 8, 2012
Jan 9, 2012 - Jan 15, 2012

0.1521
0.1519
0.1522
0.1523
0.1526
0.1528
0.1532
0.1536
0.1538
0.1538
0.1536
0.1538
0.1541
0.1541
0.1542
0.1544
0.1545
0.1546
0.1548
0.1549
0.1551
0.1553
0.1558
0.1566
0.1564
0.1565
0.1563
0.1563
0.1561
0.1560
0.1564
0.1566
0.1563
0.1568
0.1571
0.1574
0.1573
0.1567
0.1568
0.1573
0.1564
0.1568
0.1570
0.1576
0.1581

Jan 16, 2012 - Jan 22, 2012

Jan 23, 2012 - Jan 29, 2012
Jan 30, 2012 - Feb 5, 2012
Feb 6, 2012 - Feb 12, 2012
Feb 13, 2012 - Feb 19, 2012
Feb 20, 2012 - Feb 26, 2012
Feb 27, 2012 - Mar 4, 2012
Mar 5, 2012 - Mar 11, 2012
Mar 12, 2012 - Mar 18, 2012
Mar 19, 2012 - Mar 25, 2012
Mar 26, 2012 - Apr 1, 2012
Apr 2, 2012 - Apr 8, 2012
Apr 9, 2012 - Apr 15, 2012
Apr 16, 2012 - Apr 22, 2012
Apr 23, 2012 - Apr 29, 2012
Apr 30, 2012 - May 6, 2012
May 7, 2012 - May 13, 2012
May 14, 2012 - May 20, 2012
May 21, 2012 - May 27, 2012
May 28, 2012 - Jun 3, 2012
Jun 4, 2012 - Jun 10, 2012
Jun 11, 2012 - Jun 17, 2012
Jun 18, 2012 - Jun 24, 2012
Jun 25, 2012 - Jul 1, 2012
Jul 2, 2012 - Jul 8, 2012
Jul 9, 2012 - Jul 15, 2012
Jul 16, 2012 - Jul 22, 2012
Jul 23, 2012 - Jul 29, 2012
Jul 30, 2012 - Aug 5, 2012
Aug 6, 2012 - Aug 12, 2012
Aug 13, 2012 - Aug 19, 2012
Aug 20, 2012 - Aug 26, 2012
Aug 27, 2012 - Sep 2, 2012
Sep 3, 2012 - Sep 9, 2012
Sep 10, 2012 - Sep 16, 2012
Sep 17, 2012 - Sep 23, 2012
Sep 24, 2012 - Sep 30, 2012
Oct 1, 2012 - Oct 7, 2012
Oct 8, 2012 - Oct 14, 2012
Oct 15, 2012 - Oct 21, 2012
Oct 22, 2012 - Oct 28, 2012
Oct 29, 2012 - Nov 4, 2012
Nov 5, 2012 - Nov 11, 2012
Nov 12, 2012 - Nov 18, 2012
Nov 19, 2012 - Nov 25, 2012

0.1583
0.1585
0.1586
0.1587
0.1586
0.1585
0.1585
0.1582
0.1577
0.1579
0.1580
0.1580
0.1581
0.1581
0.1581
0.1583
0.1582
0.1578
0.1577
0.1574
0.1576
0.1579
0.1582
0.1580
0.1582
0.1582
0.1584
0.1579
0.1581
0.1580
0.1577
0.1578
0.1577
0.1577
0.1578
0.1579
0.1578
0.1580
0.1582
0.1587
0.1588
0.1589
0.1589
0.1592
0.1592

Nov
Dec
Dec
Dec
Dec
Dec

26, 2012 - Dec 2, 2012

3, 2012 - Dec 9, 2012
10, 2012 - Dec 16, 2012
17, 2012 - Dec 23, 2012
24, 2012 - Dec 30, 2012
31, 2012 - Jan 6, 2013

0.1594
0.1591
0.1589
0.1588
0.1584
0.1585

currency/historical-rates/

CNY/USD