The central parity rate of the Chinese currency renminbi, or theYuan, strengthened 3 pips to 7.1733 against the U.S. 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 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.

Chinese Yuan strengthens to 7.1733 against U.S. Dollar
Politics & Governance · Chinese Yuan strengthens to 7.1733 against U.S. Dollar
Editorial Opinion

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. 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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Author
Emeka Obi
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.