Banking

Chinese Yuan weakens to 6.8714 against dollar

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.

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.

The Star

Editor

Recent Posts

NiMet forecats 3-day dust haze, thunderstorms from Saturday

The Nigerian Meteorological Agency (NiMet) has predicted dust haze and thunderstorms from Saturday to Monday…

2 hours ago

Many injured as truck rams into BRT bus on Lagos-Ibadan expressway

Many passengers have been reportedly injured after a cow-laden truck rammed into a Bus Rapid…

2 hours ago

Sanwo-Olu: My govt doing God’s will for Lagosians’ welfare

Lagos State Governor Babajide Sanwo-Olu says his administration is doing the will of God by…

3 hours ago

Musk removes Twitter website from profiles, shifts to X

X owner Elon Musk has removed another remnant from the microblogging site, formerly known as…

3 hours ago

FAAN begins e-tags sale at airports

The Federal Airports Authority of Nigeria (FAAN) has commenced the sale of 2024 e-tags that…

3 hours ago

Tinubu to Chinese executives: Your investments secure in Nigeria

President Bola Tinubu says Nigeria is a safe hub for investments and that his administration…

3 hours ago

This website uses cookies.