Bank Of Baku

Chinese yuan weakens to 6.5693 against USD

Chinese yuan weakens to 6.5693 against USD
# 25 May 2016 09:13 (UTC +04:00)

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.

 

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