On May 27, China's yuan strengthened by 11 pips to 7.1091 against the US dollar.
On May 27, China's yuan strengthened 11 pips to 7.1091 against the US dollar, according to the China Foreign Exchange Trade System. The yuan's value in the spot foreign exchange market can fluctuate within a 2% range from the central parity rate each trading day. The central parity rate is determined by a weighted average of prices provided by market makers prior to the opening of the interbank market each business day.
May 27, 2024
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