Business
Yuan strengthens 7. 0531 against dollar
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 113 pips to 7.0531 against the dollar on Monday.
This is according to the China Foreign Exchange Trade System.
ALSO READ: MPC meeting: Experts urge CBN to halt interest rate hikes as inflation eases
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.
-
Latest5 days agoPastor Chris Oyakhilome announces mother’s passing at 88 [VIDEO]
-
Latest6 days agoArsenal eye €70-80m move for Real Madrid star
-
Crime6 days agoPolice arrest suspect, launch manhunt for 2 others over Delta Education Director’s death
-
Crime5 days agoDeaths in NSCDC Custody: Can Nigeria guarantee the safety of detainees?
-
Latest5 days agoHow adulterated palm oil, coloured pepper are putting consumers at risk
-
Latest6 days agoObi left $155m in Anambra, Otti insists amid debt controversy
-
Football3 days agoHow David Beckham made $51.1m from 2026 World Cup, surpassing winners’ prize
-
Crime6 days ago184.5kg Cocaine Bust: NDLEA docks KC Luxury, two accomplices, remands them in custody