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Home Latest News

Yaun downs 6.1366 points against US dollars

byCustoms Today Report
07/02/2015
in Latest News
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SHANGHAI: China currency Yaun weakened by 48 basis points to 6.1366 against the U.S. dollar.

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.

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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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