Chinese Yuan strengthens to 6.6607 against dollar Tuesday
The central parity rate of the Chinese currency, Yuan, strengthened 441 pips to 6.6607 against the U.S. dollar Tuesday.
This is according to the China Foreign Exchange Trade System.
READ ALSO: See new exchange rate as naira falls massively against dollar
In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Follow the Neptune Prime channel on WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3d
Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com