Chinese Yuan strengthens to 7. 1886 against dollar

0

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 102 pips to 7.1886 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.