Monday, 17 May 2021 04:44 GMT

China: Yuan advances to 6.5297 against USD on Thursday

( MENAFN ) The China Foreign Exchange Trade System stated reported that on Thursday, Apr. 15 the central parity rate of China's currency renminbi, or the yuan, advanced 65 pips, reaching 6.5297 against the USD.

Every trading day, the yuan can climb or decline by 2 percent from the central parity rate in the Chinese spot foreign exchange market.

A weighted average of prices presented by market makers prior to the opening of the interbank market every working day is what the central parity rate of the Chinese yuan against the USD is anchored in.

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