Sunday, 17 October 2021 05:55 GMT

China: Yuan gets weaker to 6.4693 against USD on Wednesday

(MENAFN) The China Foreign Exchange Trade System reported that on Wednesday, Sep. 22 the central parity rate of the Chinese currency renminbi, or the yuan, got weaker 166 pips reaching 6.4693 against the USD.

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

A weighted average of prices presented by market makers ahead of 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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