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

Inflation bites hardest among upper-lower-income Nigerians, CBN survey shows

Editor

Ecobank partners NCF for national schools chess championship

Editor

Cardoso urges investors to tap reform gains as remittances head to $1bn monthly

Editor

Leave a Comment