Chinese yuan weakens last week

Tue, Apr 6, 2021
By editor
1 MIN READ

From the Editor-in-Chief

CHINA’S Yuan weakened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

According to the CFETS, the yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of currencies, came in at 96.73 on April 2, down 0.42 points from a week earlier.

The index compares the yuan with the value of 24 currencies, including the U.S. dollar, euro and Japanese yen.

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket down 0.37 points to 100.91.

The index measuring the yuan against the Special Drawing Rights basket edged down 0.34 points to 95.57. (Xinhua/NAN)

– Apr. 06, 2021 @ 12:32 GMT

Tags:


Media Advisory 20th International Economic Forum on Africa

THE global economic recession triggered by COVID-19 is hitting African countries hard. In 2020, 41 African economies experienced a..

Read More
Here We Are

|  By Mike Akpan  | WELCOME to the world of Realnews, the first on-line weekly general interest newsmagazine in Nigeria. Realnews...

Read More