Chinese Yuan strengthens to 7. 1788 against dollar
Foreign
THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened 23 pips to 7.1788 against the dollar on Friday, 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
September 1, 2023 @ 13:46 GMT|
Tags:
Most Read
Oil & GasDivestment: HEDA, International CSOs Jointly Submit Report to NASS, Urges Immediate Actions on Niger Delta Environmental CrisisBy editor1 MIN READ
DisastersCele Tanker Explosion: Man burnt to death while trying to escape – LASEMABy editor1 MIN READ
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.