The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.1874againstthe dollar on Thursday, 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 interbank 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.(NAN)

Chinese Yuan strengthens to 7. 1874 against dollar
Politics & Governance · Chinese Yuan strengthens to 7. 1874 against dollar
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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.1874againstthe dollar on Thursday, according to the China Foreign Exchange Trade System.

Why does this matter for politics-governance?

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.(NAN)

What are the key facts about chinese yuan strengthens to 7 1874 against dollar?

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.1874againstthe dollar on Thursday, according to the Chi…

Editorial Opinion

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.1874againstthe dollar on Thursday, 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 interbank market each business day.

— goodeveningnigeria.com Editorial Team
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Senior political and economy reporter covering Nigeria from Abuja. Over 12 years of experience tracking government policy, legislative affairs, and Nigeria's evolving business landscape.