Economy
Chinese Yuan weakens to 6.8714 against dollar
THE central parity rate of the Chinese currency the Yuan, weakened 340 pips to 6.8714 against the dollar on Monday.
This is according to the China Foreign Exchange Trade System.
In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
A.
Tags: Chinese yuan
Most Read
EntertainmentBIC launches art gallery in Metaverse Africa to spur creativity, innovationBy editor1 MIN READ
SecurityKaduna Central Senator meets Tinubu over Kuriga students’ abduction, IDPsBy editor1 MIN READ
HealthCleanshield: Allgone LLC partners Reddot TV Network founder, Oparaugo, to boost awareness By editor1 MIN READ
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.