周五, 02 十二月 2022 00:19

Chinese yuan strengthens to 7.1225 against USD Thursday

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 544 pips to 7.1225 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

style="MARGIN: 0px 3px 15px">In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Read 299 times Last modified on 周五, 02 十二月 2022 00:19

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