Yuan strengthens 7.1139 against dollar

Date:

The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 219 pips to 7.1139 against the dollar on Monday.

This is 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.

RECOMMENDED

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Edo Governor Orders Security Crackdown on Criminals and Cultists

Okpebholo prioritizes security in Edo State. Vows to...

Wike Approves ₦70,000 Minimum Wage For FCT

Federal Capital Territory (FCT) Minister, Nyesom Wike, has approved...