Chinese Yuan strengthens to 7.1132 against dollar

Tue, Nov 28, 2023
By editor
1 MIN READ

Economy

THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened 27 pips to 7.1132 against the dollar on Tuesday, 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.

-Nov. 28, 2023 @ 12:18 GMT |

Tags: Chinese yuan


Related Posts

Osun: ICPC begins tracking of N10bn federal constituency projects

THE Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced the tracking of more than N10 billion constituency...

Read More
15,000 applicants jostle for 900 Civil Service jobs in Oyo

ONLY 900 persons will be picked from the list of more than 15,000 who applied for recruitment into the Oyo...

Read More
Pension Institute inducts 23 fellows, 9 associates

THE Certified Pension Institute of Nigeria (CPIN) on Thursday inducted 23 professionals as fellows of the institute and nine others...

Read More

Most Read

BusinessNDIS7: Nigeria’s N5bn Creative Industry, a goldmine for Diaspora InvestmentBy editor1 MIN READ
FeaturedKeynote speaker arrives for Realnews 12th anniversary lectureBy editor1 MIN READ
Africa500 barracks women to benefit from DEPOWA free cancer screening – PresidentBy editor1 MIN READ
BusinessNigeria’s cosmetics industry generates $1.4bn annually – NICOS President By editor1 MIN READ
SportsKenya to leverage AfCFTA to boost sports industryBy editor1 MIN READ

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.

Latest Stories

President Tinubu seeks confirmation of Lt. Gen. Oluyede as Chief of Army Staff

ECOWAS Commission, member states participate at COP 29

HURIWA raises alarm over alleged plot to hijack Rivers case transferred special panel