News Article

Chinese yuan weakens to 7.2258 against US dollar

By Republica

Published: July 01, 2023 04:15 PM

BEIJING (CHINA): The central parity rate of the Chinese currency renminbi, or the yuan, weakened 50 pips to 7.2258 against the US dollar Friday, state media quoted the China Foreign Exchange Trade System as saying.

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 yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

(ANI/WAM/RSS)

Messages Timeline Exceptions Views1 Route Queries10 Models16 Mails Gate Session Request

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