BEIJING, (UrduPoint / Pakistan Point News - 13th Sep, 2021 ) :The central parity rate of the ChineseCurrency renminbi, or the yuan, strengthened 69 pips to 6.4497 against the U.S. Dollar Monday, according to the China Foreign Exchange Trade System.
In China's spot foreign exchangemarket, 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.
UrduPoint Network is the largest independent digital media house from Pakistan, catering the needs of its users since year 1997. We provide breaking news, Pakistani news, International news, Business news, Sports news, Urdu news and Live Urdu News