Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Chinese yuan strengthens to 7.1576 against USD Thursday

August 10, 2023


Abstract : The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 12 pips to 7.1576 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

BEIJING, Aug. 10 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 12 pips to 7.1576 against the U.S. dollar Thursday, 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.

Scan the QR code and push it to your mobile phone

Keyword: foreign exchange

Reading:

China-Africa trade expo rare opportunity to showcase, promote African products: Madagascan officials

BYD's five millionth NEV rolls off production line

China's SMEs continue recovery momentum in July

China maps out four-pronged measures to enhance new int'l land-sea trade corridor

Across China: Belgian presents charms of Chengdu

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial