BUSINESS

Yuan weakens to 7.2066 against dollar

Published

1 week ago

April 9, 2025

Nana Musa

The central parity rate of the Chinese currency Renminbi, or the Yuan, weakened 28 pips to 7.2066 against the dollar on Wednesday.

This is according to the China Foreign Exchange Trade System.

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

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.

Related Topics:

Up Next

Nigeria needs 40% growth to withstand U.S. tariff shock – Economist

Don't Miss

BOA to overhaul lending practices by instituting strict monitoring – Sotinrin

Nana Musa

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.