Chinese Yuan strengthens to 7.1088 against dollar
Fri, Oct 14, 2022 | By editor
Africa
THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 13 pips to 7.1088 against the dollar on Friday, 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)
KN
Tags:
Most Read
SecurityGovernors of South-East deafeningly living in denial over jihadists killings – IntersocietyBy editor1 MIN READ
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.