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RBC Capital Markets Extends Global FX Capabilities

Launching Offshore Chinese Yuan Platform

BEIJING and HONG KONG, 16 May 2011 - RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE), today announced the launch of its deliverable offshore Chinese Yuan (CNH) platform.

The new platform will enable RBC Capital Markets to execute interbank trades in CNH with its global clients and counterparties, offering FX Spot, Forwards and Swaps. This new offering builds on the existing CNY Non-Deliverable Funds product, which RBC has been active in for some time.

Commenting on the launch Ed Monaghan, Global Head of FX, RBC Capital Markets, said: "The ascent of China to the second largest economy in the world means its currency has grown in importance and is even more relevant to our global client base. We see significant future prospects in the CNH market and will be developing this business over the coming months."

About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC and is consistently ranked among the top 11 investment banks globally. With over 6,300 employees, RBC Capital Markets is active globally in fixed income, foreign exchange, infrastructure finance, ECM, metals, mining and energy. Working with clients through operations in Asia and Australasia, the UK and Europe and in every major North American city, RBC Capital Markets provides products and services from 75 offices in 15 countries. For more information, please visit www.rbccm.com

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial service companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full- and part-time employees who serve close to 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 56 other countries. For more information, please visit rbc.com.

About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial service companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full- and part-time employees who serve close to 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 56 other countries. For more information, please visit rbc.com.


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For more information, please contact:

Media Enquiries:
Brunswick: Joseph Lo Chi-Lun - Tel +852 351 25033
Email: jlo@brunswickgroup.com

RBC Capital Markets:
Louisa Fairman - Tel: +44 (0)20 7029 7821