Chinese Yuan Strengthens to 6.8572 against USD Monday
Chinese currency & US dollar
Beijing - QNA
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 121 basis points to 6.8572 against the U.S. dollar Monday, 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% from the central parity rate each trading day, state news agency (Xinhua) reported.
The central parity rate of the yuan against the US dollar is 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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