BUSINESS

Yuan strengthens 7.1161 against dollar

Published

3 months ago

August 25, 2025

Nana Musa

The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened 160 pips to 7.1161 against the dollar on Monday.

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 inter-bank 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. (Xinhua/NAN)

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Nana Musa

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