1 July: China's yuan strengthened to a central parity rate of 7.1265 against the US dollar.

On 1 July, China's yuan strengthened against the US dollar, reaching a central parity rate of 7.1265, 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 interbank market opens each business day. In China's spot foreign exchange market, the yuan's value can fluctuate by up to 2% from the central parity rate each trading day.

July 01, 2024
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