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Chinese Yuan Strengthens To 6.6566 Against USD Tuesday
May 24th, 2022 | 11:31 AM | 511 views
BEIJING
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 190 pips to 6.6566 against the U.S. dollar Tuesday, 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.
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.
Source:
courtesy of XINHUA NEWS AGENCY
by XINHUA NEWS AGENCY
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