Foreign
THE central parity rate of the Chinese currency renminbi, or the Yuan weakened 68 pips to 6.9536 against the dollar on Wednesday, 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)
KN
Tags: China Foreign ExchangeRelated Posts
Most Read
EducationABU International Studies Alumni offers scholarships to 20 indigent students By editor1 MIN READ
AfricaEnergy Industry Congratulates John Mahama on Re-election, Commends Progress in Oil and Gas SectorBy editor1 MIN READ
BusinessAfreximbank participates in Bank of Industry Nigeria’s syndicated facility of up to EUR 2-billionBy editor1 MIN READ
