Yuan strengthens 6.7795 against dollar | LAGOS EYE NEWS

The central parity rate of the Chinese currency renminbi, or the Yuan, weakened eight pips to 6.7795 against the dollar on Monday.

This is according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua/NAN

copy?pid=893101&t=f203a567ddf47083fe24f208dfacab19 Yuan strengthens 6.7795 against dollar  | LAGOS EYE NEWS

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