Friday, January 28, 2022

Chinese yuan strengthens against USD

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The central parity rate of the Chinese currency renminbi, or yuan, strengthened 44 pips to 6.3936 against the U.S. dollar on Friday, China Foreign Exchange Trade System said Friday.

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 was based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.


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