Dollar
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 91 pips to 7.1980 against the dollar on Monday.
This is according to the China Foreign Exchange Trade System.
Also Read:Naira gains by 0.78% against Dollar at official market
2020: Best in six years for capital market
Equity market records mixed performance
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 dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
