22 April: Chinese yuan strengthens to 7.1043 vs USD, set by China Foreign Exchange Trade System.
The Chinese yuan strengthened to 7.1043 against the US dollar on 22 April, according to the China Foreign Exchange Trade System. The central parity rate is determined by a weighted average of prices offered by market makers before the opening of the interbank market each business day. China's spot foreign exchange market allows the yuan to rise or fall by 2% from the central parity rate each trading day.
April 22, 2024
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