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Chinese yuan strengthens to 6.3858 against USD Friday

Abstract : The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 172 pips to 6.3858 against the U.S. dollar Friday, according to the China Foreign Exchange Trade System.

BEIJING, May 28 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 172 pips to 6.3858 against the U.S. 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.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. 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 to 6.3858 against USD Friday

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