Chinese Yuan strengthens to 7. 1451 against dollar

Mon, Jul 24, 2023
By editor
1 MIN READ

Economy

 THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened 5 pips to 7.1451 against the dollar on Monday, 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.

– July 24, 2023 @ 12:12 GMT

Tags:


Related Posts

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
Naira gains N28.85 against dollar at official market 

THE Naira on Thursday appreciated at the official market trading at N1,658.67 against the dollar. Data from the official trading...

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

UNICEF, Katsina Govt. empower 800 out-of-school adolescent girls

OAGH holds retreat to promote best practices in healthcare delivery

Kimchi 2024: Journalists, creators participate in preparing Korean Baechu Kimchi