Chinese yuan strengthens to 7.1092 against USD Wednesday

0 Comment(s)Print E-mail Xinhua, May 27, 2020
Adjust font size:

BEIJING, May 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 201 pips to 7.1092 against the U.S. dollar Wednesday, 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

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