Image default
BankingFinance

Yuan strengthens 6.8426 against dollar

Yuan strengthens 6.8426 against dollar

 

 

 

Beijing, May 2026 (Xinhua) The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 41 pips to 6.8426 against the dollar on Tuesday.

This is according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/)

Related posts

Naira gains N1.34 at official market

Editor

Nigeria can achieve world-class food security with investment, reforms – stakeholders

Editor

CPPE urges Reps to reject sugar-sweetened beverage tax bill

Editor

Leave a Comment