Yuan strengthens 7.1885 against dollar

Mon, Jan 13, 2025
By editor
1 MIN READ

Foreign

THE central parity rate of the Chinese currency renminbi, or the Yuan, strengthened six pips to 7.1885 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)

13th January, 2025.

C.E.

Tags:


Sudan: UN official  warns against escalating violence in 2 states

This is a critical moment, as the consequences of food insecurity are already being felt in parts of South Kordofan,...

Read More
UN Chief appeals for mediation to end DR Congo crisis

Guterres made the appeal at a news conference on Thursday in New York, saying now is the time to end...

Read More
WFP earmarks $2.5b to fight hunger, malnutrition in Nigeria

THE United Nations World Food Programme (WFP) says it has budgeted 2.5 billion dollars in the 2023 to-2027  Nigeria Country Strategy...

Read More