China's nominal EER strengthens for 5 months: BIS

BEIJING - China's nominal effective exchange rate (EER) strengthened for five consecutive months up to April this year, data from the Bank for International Settlement (BIS) showed.

According to BIS's monthly data, the nominal EER has climbed 0.27 percent to 119.09 points in April, hitting a 10-month high.

The real EER has dropped for two months from 124.51 points in February to 124.11 points in April, BIS data showed.

The BIS EER indices cover 61 economies, including the United States, Australia, China and the Euro area countries.

The most recent weights are based on trade in the 2011 to 2013 period, with 2010 as the indices' base year.

Nominal EER is calculated as geometric weighted averages of bilateral exchange rates, while real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices.