Connect with us

BUSINESS

Chinese yuan weakens last week

Published

4 years ago

on

China’s Yuan weakened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

According to the CFETS, the yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of currencies, came in at 96.73 on April 2, down 0.42 points from a week earlier.

The index compares the yuan with the value of 24 currencies, including the U.S. dollar, euro and Japanese yen.

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket down 0.37 points to 100.91.

The index measuring the yuan against the Special Drawing Rights basket edged down 0.34 points to 95.57.

Related Topics:
Ella Anokam

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel