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.
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Chinese yuan weakens to 6.5693 against USD
25 May 2016
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The central parity rate of the Chinese currency renminbi, or the yuan, weakened 225 basis points to 6.5693 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trading System, Xinhua reported.
In China`s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent 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.
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.
