Chinese Yuan strengthens to 7.1132 against dollar
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
Most Read
BusinessFull list of electronic transactions exempted from CBN’s cybersecurity levyBy editor1 MIN READ
SecurityGovernors of South-East deafeningly living in denial over jihadists killings – IntersocietyBy editor1 MIN READ
EnvironmentWaterAid, PepsiCo Foundation donate solar-powered borehole to Lagos schoolBy editor1 MIN READ
HealthInvesting in human capital key to sustainable growth, social wellbeing – FGBy editor1 MIN READ
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.