China's central parity rate for yuan against the US dollar strengthened to 7.1139.
On August 26, China's foreign exchange system announced the central parity rate of the yuan against 25 major currencies, including a strengthened 7.1139 against the US dollar. The central parity rate is determined by a weighted average of prices submitted by market makers before the interbank market opens each business day. The yuan's value can fluctuate by up to 2% from the central parity rate in China's spot foreign exchange market.
August 26, 2024
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