Chinese Yuan Strengthens to 6.8525 against USD Wednesday
Chinese currency
Beijing - QNA
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 467 basis points to 6.8525 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
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, state news agency (Xinhua) reported.
The central parity rate of the yuan against the US 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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