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 yuan’s central parity rate against the dollar was based on a weighted average of prices offered by market makers.
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 Chinese currency renminbi, or the yuan, strengthened 13 pips to ¥6.3664 against the U.S. dollar Tuesday.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 142 pips to ¥6.4032 $1 on Friday, according to the China Foreign Exchange Trade System.
