Chinese Yuan weakens to 7 against dollar

Thu, Jan 11, 2024
By editor
1 MIN READ

Economy

THE central parity rate of the Chinese currency renminbi, or the yuan, weakened 32 pips to 7.1087 against the dollar on Thursday, 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.

-January 11, 2023 @ 13:45 GMT|

Tags: Chinese Yuan weakens to 7 against dollar.


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