Thursday, 21 October 2021 02:10 GMT

Chinese yuan boosts 340 pips in contrast to USD on Fri.

(MENAFN)The China Foreign Exchange Trade System announced that the central parity volume of the Chinese currency renminbi, or the yuan, boosted 340 pips to 6.4602 in contrast to the US dollar on Friday.

The yuan is permitted to increase or decrease by 2 percent from the dominant parity volume every exchange day in China's spot foreign trade market.

A weighted average of values delivered by market makers controls the dominant parity volume of the yuan compared to the US dollar before the inaugural of the interbank market every trade day.

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