Chinese yuan weakens to 7.1052 against USD Friday

0 Comment(s)Print E-mail Xinhua, March 20, 2020
Adjust font size:

BEIJING, March 20 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 530 pips to 7.1052 against the U.S. dollar Friday, 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.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. Enditem

(This article is generated by Xinhua News Robot.)

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter