(MENAFN)The China Foreign Exchange Trade System announced that the central parity volume of the Chinese currency renminbi, or the yuan, decreased 108 pips to 6.4709 beside the USD on Thursday.
According to China's spot foreign exchange market, the yuan can increase or decrease by 2 percent from the central parity volume for every trading day.
Also, the central parity volume of the yuan compared to the USD is based on a weighted average of values given by market makers before the inaugural of the interbank market every business day.
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