China sets the central parity rate for the yuan at 7.1918 per U.S. dollar on November 25th.

On November 25th, the China Foreign Exchange Trade System released central parity rates for the Chinese currency, the renminbi (yuan), against 25 major currencies. The rate for the U.S. dollar was set at 7.1918 yuan per dollar. The rates are determined by a weighted average of prices offered by market makers before the market opens, with specific calculations for the Hong Kong dollar and Pataca based on earlier exchange rates.

November 25, 2024
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