BUSINESS

Chinese yuan strengthens to 6.5297 against USD Thursday

Published

4 years ago

April 15, 2021

Nana Musa

The central parity rate of the Chinese currency, the Yuan strengthened 65 pips to 6.5297 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

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

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Nana Musa

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