(MENAFN) The China Foreign Exchange Trade System announced that the central parity volume of the Chinese currency renminbi, or the yuan, increased 17 pips to stand at 6.4695 in contrast to the US dollar on Monday.
The Yuan can increase or drop by 2 percent from the central parity volume every exchange day in China’s spot foreign exchange market.
The central parity volume of the yuan in contradiction of the US dollar is based on a weighted average of prices obtained by market makers before the inaugural of the interbank market every trading day.
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