Yuan weakens to 7,2472 against dollar

Thu, Nov 3, 2022
By editor
1 MIN READ

Foreign

THE central parity rate of the Chinese currency renminbi or the Yuan, weakened 275 pips to 7.2472 against the dollar on Thursday, 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)

KN

Tags: dollar renminbi yuan


Related Posts

Hezbollah confirms death of spokesman in Beirut attack

HEZBOLLAH has confirmed the death of its Spokesman, Mohammed Afif, in an Israeli attack in Beirut. He was a “pillar”...

Read More
6 dead in Russian missile attack on Sumy, mayor says

AT least six people have been killed and a “great many” more injured in a Russian attack on the city...

Read More
Nigerian flour good for baking Italian pizza – Envoy

STAFANO De Leo, the Italian Ambassador to Nigeria, says mixing Italian ingredients with Nigerian flour is good for baking his...

Read More

Most Read

BusinessNDIS7: Nigeria’s N5bn Creative Industry, a goldmine for Diaspora InvestmentBy editor1 MIN READ
Africa500 barracks women to benefit from DEPOWA free cancer screening – PresidentBy editor1 MIN READ
BusinessNigeria’s cosmetics industry generates $1.4bn annually – NICOS President By editor1 MIN READ
AfricaPoultry farmers seek govts’ intervention regarding high cost of feedsBy editor1 MIN READ
SportsKenya to leverage AfCFTA to boost sports industryBy editor1 MIN READ

Subscribe to Our Newsletter

Keep abreast of news and other developments from our website.

Latest Stories

Army Chief directs investigation into alleged brutality by soldiers

Obi’s consumption-to-production mantra not backed by any policy document — Okupe

Tinubu seeks Senate approval of new external borrowing plan of $2.2bn