Chinese Yuan strengthens to 7.1101 against dollar

Thu, Oct 13, 2022
By editor
1 MIN READ

Economy

THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened by two pips to 7.1101 against dollar on Thursday, 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: dollar renminbi yuan


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