
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)