Yuan strengthens 7. 0074 against dollar

Mon, Sep 30, 2024

1 MIN READ

Economy

THE central parity rate of the Chinese currency renminbi, or the yuan, strengthened 27 pips to 7.0074 against the dollar on Monday.

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.I

Sept. 30, 2024

Tags:

Pension Institute inducts 23 fellows, 9 associates

THE Certified Pension Institute of Nigeria (CPIN) on Thursday inducted 23 professionals as fellows of the institute and nine others...

Naira gains N28.85 against dollar at official market

THE Naira on Thursday appreciated at the official market trading at N1,658.67 against the dollar. Data from the official trading...

Senate confirms Omolola Oloworaran PenCom D-G

THE Senate has confirmed the appointment of Ms Omolola Oloworaran as the Director-General (D-G) of the National Pension Commission (PenCom)....

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.