All NewsNews

Chinese Yuan weakens to 7.1029 against dollar

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 32 pips to 7.1029 against the dollar on Friday, 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.

READ ALSO:Kaduna: NDLEA seizes 13.6 tonnes of illicit substances, arrests 1,005 suspects in 2023

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)
Show More

Related Articles

Leave a Reply

Back to top button
Close

Adblock Detected

Please turn off Adblocker or whitelist this website in your Adblocker to enable us display ads