Money Market

Yuan strengthens 7.1695 against dollar

Published

1 month ago

June 20, 2025

Nana Musa

central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 34 pips to 7.1695 against the dollar on Friday.

This is according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the Yuan 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 dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

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Nana Musa

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