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Chinese yuan strengthens last week

Abstract : China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

BEIJING, Sept. 28 (Xinhua) — China’s yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

The CFETS yuan exchange rate composite index, which measures the yuan’s strength relative to a basket of currencies, came in at 94.46 on Sept. 25, up 0.34 points from a week earlier, according to the CFETS.

The index compares the yuan with the value of 24 currencies, including the U.S. dollar, euro and Japanese yen.

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket up 0.33 points to 98.26.

The index measuring the yuan against the Special Drawing Rights basket went down 0.02 points to 92.67. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Chinese yuan strengthens last week

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