Chinese yuan weakens to 6.6725 against USD Monday

2020-10-26 10:11:15Xinhua Editor : Zhang Mingxin ECNS App Download

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 22 pips to 6.6725 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent 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 market makers before the opening of the interbank market each business day.


Most popular in 24h

MoreTop news


Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2020 All rights reserved.
Reproduction in whole or in part without permission is prohibited.