Economy
THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened 27 pips to 7.1856 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 News Agency of Nigeria (NAN) reports that 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.
-Aug. 28, 2023 @ 17:58 GMT |
Tags: Chinese Yuan strengthens against dollarMost Read
SecurityGovernors of South-East deafeningly living in denial over jihadists killings – IntersocietyBy editor1 MIN READ
BusinessFull list of electronic transactions exempted from CBN’s cybersecurity levyBy editor1 MIN READ
DisastersCele Tanker Explosion: Man burnt to death while trying to escape – LASEMABy editor1 MIN READ
