Chinese Yuan weakens to 6.8886 against dollar

Thu, Mar 30, 2023
By editor
1 MIN READ

Economy

The central parity rate of the Chinese currency, renminbi, or the yuan, weakened 115 pips to 6.8886 against the dollar Thursday, says 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 inter-bank market each business day.(Xinhua/NAN)

A.

Tags: Chinese Yuan weakens


Related Posts

SMEDAN partners GIZ to boost MSME development

THE Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it will partner the German International Agency (GIZ) and...

Read More
Nigeria’s inflation rate further declines to 32.15% in August- NBS

THE National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024....

Read More
Naira depreciates further in parallel market, falls to N1,660/$

THE Naira continued its downward trend on Friday, depreciating to N1,660 per dollar in the parallel market. This represents a...

Read More

Most Read

FeaturedPhotos: Edo women protest police arrest of PDP chieftains, calls for their release, peaceful electionBy editor1 MIN READ
OpinionHistory, Hissy Fits, and Hatchetry about the IgboBy editor1 MIN READ
PoliticsPDP exposes how Presidency, DSS, NSA plans to rig Edo gubernatorial polls.By editor1 MIN READ
PoliticsEdo Guber: Tragedy as APC campaign convoy crushes five to death in fatal accidentBy editor1 MIN READ
FeaturedFormer treasurer of Labour Party alleges misappropriation of N3.5bnBy editor1 MIN READ

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.

Latest Stories

Edo election: Govt declares Friday work-free day

Delta has paid N14.5bn as pension, other emoluments to employees – Oborevwori

Yiaga Africa deploys 325 observers for Edo guber poll