Yuan weakens to 7. 1299 against dollar

Thu, Aug 29, 2024

1 MIN READ

Economy, Foreign

THE central parity rate of the Chinese currency renminbi, or the yuan, weakened 83 pips to 7.1299 against the dollar on Thursday.

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)

29th August, 2024.

C.E.

Tags: yuan

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