Yuan strengthens 7.1710 against dollar
12 February 2025 |
1:00 pm
The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened six pips to 7.1710 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. READ ALSO:North Korea slams U.S. over plans to relocate Gaza residents The central parity rate of the Yuan against the dollar is based…
The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened six pips to 7.1710 against the dollar on Wednesday.
This is according to the China Foreign Exchange Trade System.
READ ALSO:North Korea slams U.S. over plans to relocate Gaza residents
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.
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.
NOW
The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened six pips to 7.1710 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. READ ALSO:North Korea slams U.S. over plans to relocate Gaza residents The central parity rate of the Yuan against the dollar is based…
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