FIRS Advert
Foreign

Chinese Yuan weakens to 7.0722 against dollar

The central parity rate of the Chinese currency renminbi, or the Yuan weakened 424 pips to 7.0722 against the dollar on Tuesday, 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.

 

 


Receive Alerts On:
Facebook: METRODAILYNG Twitter: @METRODAILYNG

REACH THE RIGHT PEOPLE AT THE RIGHT TIME WITH METRO DAILY NIGERIA. TRY AND ADVERTISE ANY KIND OF YOUR BUSINESS TO USERS ONLINE TODAY. KINDLY CONTACT US FOR YOUR ADVERTS OR PUBLICATIONS @ METRODAILYNG@GMAIL.COM or 08077778839. OR VISIT US AT OUR OFFICE AT
PLOT 273 REINSURANCE BUILDING
HERBERT MACAULAY WAY
2ND FLOOR, C WING, CENTRAL BUSINESS DISTRICT (CBD)
ABUJA – FCT.

Related Posts

Leave a Comment