Chinese Yuan strengthens to 7. 1785 against dollar
Foreign
THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened one pip to 7.1785 against the dollar on Wednesday, 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)
T
October 25, 2023 @ 11:28 GMT|
Related Posts
EU top court to rule on Metadata protection case
THE European Union’s top court is expected to rule on Friday in a case brought against Facebook’s parent company Meta...
Read MoreGerman police brace for unrest on Oct. 7, Hamas attack anniversary
GERMANY’S police union (GdP) has raised concerns about potential unrest on Oct. 7, the anniversary of the Hamas attack on...
Read MoreOpinion: Bridging The Gap — How Experiential learning Is shaping peace leaders In Sudan, Ethiopia
HELD annually on 21 September, this year’s theme for the International Day of Peace, ‘Cultivating a Culture of Peace’, provides...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.