share
 

Chinese yuan strengthens to 7.1283 against USD Tuesday

0 Comment(s)Print E-mail Xinhua, October 29, 2024
Adjust font size:

BEIJING, Oct. 29 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 24 pips to 7.1283 against the U.S. dollar 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 2 percent 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. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter