The central parity rate of the Chinese currency, the Yuan, weakened 340 pips to 6.8714 against the dollar on Monday.
This is 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.
Advertisement
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.
Latest posts by Editor (see all)
- Does a new wife cure erectile dysfunction? FUNKE EGBEMODE asks - January 28, 2026
- Kano 2027: Gov Yusuf, 29 lawmakers, 44 LG chairmen dump NNPP - January 23, 2026
- Malami, Bello, Bauchi et al: The EFCC and public trust - January 15, 2026
Advertisement
