Chinese Yuan weakens to 6.8747 against dollar

Thu, Apr 6, 2023
By editor
1 MIN READ

Economy

THE central parity rate of the Chinese currency Renminbi, or the Yuan, weakened 48 pips to 6.8747 against the dollar on Thursday.

This is 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) 

A.

Tags:


Yuletide: Abia, Imo residents groan as prices of food items soar

BARELY few days to this year’s Christmas celebration, the prices of food items have continued to soar beyond the reach...

Read More
Chad: New EUR 28m AfDB-funded solar project to boost Chad’s energy access

THE Board of Directors of the African Development Bank Group  has approved funding worth EUR 28 million to build solar power...

Read More
Madagascar: AfDB approves a grant of over $9m to strengthen protection, sustainable use systems for natural capital, ecosystems

THE Board of Directors of the African Development Fund – the African Development Bank Group’s concessional financing window – approved...

Read More