Chinese Yuan strengthens to 7.1570 against dollar

Thu, Oct 27, 2022
By editor
1 MIN READ

Foreign

THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 68 pips to 7.1570 against the 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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