Yuan weakens to 7. 1390 Pips against dollar

Wed, Oct 30, 2024
By editor
1 MIN READ

Foreign

THE central parity rate of the Chinese currency Renminbi, or the Yuan, weakened 107 Pips to 7.1390 against the dollar on Wednesday, according to the China Foreign Exchange Trade System.

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.

Also 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.(Xinhua/NAN) 

30th October, 2024.

C.E.

Tags: dollar yuan


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