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Friday, December 27, 2024

Home Business Chinese yuan strengthens to 6.9375 against USD Monday

Chinese yuan strengthens to 6.9375 against USD Monday

by News desk
March 14, 2023
in Business

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 280 pips to 6.9375 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

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.— Xinhua