Saturday Aug 20, 2022
Saturday Aug 20, 2022

Chinese yuan weakens to 6.4612 against USD Wednesday


Nepalnews
2021 Oct 13, 8:59, Beijng
Chinese yuan weakens against US dollar Photo: AP

The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 165 pips to 6.4612 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.

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 inter bank market each business day.

READ ALSO:

Chinese currency yuan US dollar foreign exchange market China Foreign Exchange Trade System
Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77

Contact

KMC-02, UttarDhoka,
Lazimpat, Nepal

Newsroom
+977–01–4445751 / 4445754

E-mail
[email protected] [email protected]

Terms of Use Disclaimer
© NepalNews. 2021 All rights reserved. | Nepal's First News Portal