Chinese yuan weakens to 6.3728 against USD Tuesday-Xinhua

Chinese yuan weakens to 6.3728 against USD Tuesday

Source: Xinhua

Editor: huaxia

2021-12-28 09:41:40

BEIJING, Dec. 28 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 42 pips to 6.3728 against the U.S. dollar Tuesday, 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