The Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
“For China, the economic awakening of the past five decades beginning from 1978 has been astonishing, and Deng Xiaoping, who became the paramount leader of China in 1976.”
In China’s spot foreign exchange market, the yuan can rise or fall by two per cent from the central parity rate each trading day.
The strength of the yuan against the dollar was 238 pips, according to the China Foreign Exchange Trade System.
According to the China Foreign Exchange Trade System, the yuan weakened 97 pips to 7.1212 against the dollar on Monday.
The yuan strengthened 165 pips to 7.1115 against the dollar on Friday, according to the China Foreign Exchange Trade System.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 256 pips to ¥6.8987 against the dollar on Thursday.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 73 pips to ¥6.8679 against the dollar on Monday.
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 340 pips to ¥6.8714 against the dollar on Monday.
In China’s spot foreign exchange market, the yuan could rise or fall by two per cent from the central parity rate each trading day.
