(MENAFN)According to the China Foreign Exchange Trade System, the central parity rate of the Chinese currency renminbi, or the Yuan, improved 140 pips to 6.4696 against the USD on Thursday, January 21.
In China's spot foreign exchange market, the Yuan is permitted to increase or drop by 2 percent from the central parity rate each business day.
The central parity rate of the Yuan against the USD is based on a biased standard of prices provided by market makers before the opening of the interbank market each trading day.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.