Yuan strengthens 7.1415 against dollar

Mon, Aug 19, 2024
By editor
1 MIN READ

Economy

THE central parity rate of the Chinese currency, renminbi or the Yuan, strengthened 49 pips to 7.1415 against the dollar Monday, 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

Aug. 19, 2024

Tags: yuan


Related Posts

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
Naira depreciates to N1,655/$ in parallel market

THE Naira yesterday depreciated to N1,655 per dollar in the parallel market from N1,645 perdollar traded on Wednesday. Similarly, the...

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
PoliticsEdo Guber: Tragedy as APC campaign convoy crushes five to death in fatal accidentBy editor1 MIN READ
PoliticsPDP exposes how Presidency, DSS, NSA plans to rig Edo gubernatorial polls.By 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

Civil servants, Nigeria’s greatest asset – Walson-Jack

Kebbi assembly approves N53.5 billion supplementary budget

2.2 million registered voters collect PVCs in Edo- INEC