World

Chinese yuan edges higher against US dollar

Agency | January 11, 2019 11:29 AM

BEIJING:  The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 251.00 basis points to 6.7909 against the US dollar Friday, 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, Xinhua news agency reported.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Have something to say? Post your comment
Must Read
World's largest Certification Authority ‘EC-Council’ confirms 33 LPU Students as ‘Certified Ethical Hackers’
World's largest Certification Authority ‘EC-Council’ confirms 33 LPU Students as ‘Certified Ethical Hackers’
CM mourns passing away of former Punjab Senior Bureaucrat Shivinder Singh Brar
CM mourns passing away of former Punjab Senior Bureaucrat Shivinder Singh Brar
DC leads hundreds of volunteers to pledge for further wiping out the curse of drugs from the Jalandhar
DC leads hundreds of volunteers to pledge for further wiping out the curse of drugs from the Jalandhar
‘Kesari' epitomizes never say die spirit of Sikhs
‘Kesari' epitomizes never say die spirit of Sikhs
On Martyrdom of Bhagat Singh, Shanivar Shramdaan Mission started for clean Mansa campaign
On Martyrdom of Bhagat Singh, Shanivar Shramdaan Mission started for clean Mansa campaign
Congress leaders led by MP Santokh Singh Chaudhary pay floral tributes to Martyr Bhagat Singh
Congress leaders led by MP Santokh Singh Chaudhary pay floral tributes to Martyr Bhagat Singh
Jalandhar Commissionerate Police busts an inter district narcotic smuggling gang with arrest of two smugglers
Jalandhar Commissionerate Police busts an inter district narcotic smuggling gang with arrest of two smugglers
Mansa all set to play host to grand Punjab State Games U-25 women from March 24 to March 27, DC
Mansa all set to play host to grand Punjab State Games U-25 women from March 24 to March 27, DC
Akali Dal rebel Gurtej Singh returns to party
Akali Dal rebel Gurtej Singh returns to party
SDM exhorts youths to exercise their franchise for stronger democracy
SDM exhorts youths to exercise their franchise for stronger democracy
District administration would organize two events to mark martyrdom of Shaheed Bhagat Singh
District administration would organize two events to mark martyrdom of Shaheed Bhagat Singh
MP Santokh Singh Chaudhary celebrates holi with grand “Pomp & Show” at his residence
MP Santokh Singh Chaudhary celebrates holi with grand “Pomp & Show” at his residence