Chinese yuan weakened 9 pips to 7.1458 against US dollar on Monday in China's foreign exchange market.

Chinese yuan (RMB/yuan) weakened 9 pips to 7.1458 against US dollar on Monday as per China Foreign Exchange Trade System. In China's spot foreign exchange market, yuan can fluctuate 2% daily from its central parity rate, determined by market makers' weights before interbank opening. The yuan's central parity rates against 25 major currencies are announced daily by China Foreign Exchange Trade System, with the U.S. dollar rate determined by a weighted average of market makers' prices and other factors.

August 12, 2024
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