Yuan strengthens 7.1880 against dollar

Wed, Dec 18, 2024

1 MIN READ

Economy

THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 11 pips to 7.1880 against the dollar on Wednesday.

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

Dec. 18, 2024

Tags:

‘Release Of Funds Must Be Tied To Ideas and Projects’, Says Gov Eno

THE Governor of Akwa Ibom, Umo Eno has said release of funds in the state must be tied to projects...

Jigawa approves N1bn for cardiac centre project

THE Jigawa government has approved N1.1 billion for the construction of the Cardiac Centre Dutse. This is contained in a...

Naira appreciates to N1,660/$ in parallel market

THE Naira yesterday appreciated to N1,660 per dollar in the parallel market from N1,662 per dollar last weekend. However, the...

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.