Foreign
THE central parity rate of the Chinese currency renminbi, or the Yuan,
weakened 11 pips to 7.1854 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)
12th December, 2024.C.E
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