Foreign

BREAKING: Chinese Yuan strengthens against U.S Dollar

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 22 pips to 7.1283 against the dollar on Tuesday

 

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.

 

 

READ ALSO... Envoy: China to help Nigeria tackle Farmers-herders clash
Akanji Philip

Akanji Philip has been working as a reporter with VOICE AIR MEDIA, both onsite at the head office in Odi-Olowo, Osogbo, and remotely since 2021. He has covered events at notable political venues, involving prominent figures such as former Osun Governor Adegboyega Oyetola, current Osun State Governor Senator Isiaka Adetunji Adeleke, former Vice President Professor Yemi Osinbajo, the late Ondo Governor Rotimi Akeredolu, Oyo State Governor Seyi Makinde, and various other representatives and lawmakers. In addition, he has represented the company at various press conferences at police stations and has reported on occasions featuring entertainers and actors, such as Kola Oyewo during Oba-Ile Day in Osun State, among others. 📞 +2349058501092, +2348137827714 ✉️ akanjiphilips100@gmail.com

Leave a Comment
Share
Published by
Akanji Philip
Tags: American dollarsChinese Yuan
3 years ago

Recent Posts

2027: Full List of 54 New Members Approved by Adeleke for Tinubu Campaign Council in Osun

2027: Adeleke Approves 54 New Members for Tinubu Presidential Campaign Council in Osun (FULL LIST)…

1 hour ago

2027: Adeleke to Coordinate Osun Bipartisan Presidential Campaign Council, APC, Accord, PDP Leaders Make List

NEWS UPDATE Inauguration of Tinubu Presidential Campaign Council Holds Thursday The Inauguration of the Osun…

4 hours ago

Mexico clears Omokri as Ambassador after 8-month wait

The Mexican government has officially approved Reno Omokri’s appointment as Nigeria’s ambassador to Mexico after…

4 hours ago

Osun Moves to End Multiple Taxation, Sensitises Transport Operators on New Law

By Ayobami Agboola, Osogbo The Osun State Government on Wednesday sensitised transport operators, vehicle owners,…

5 hours ago

Toluwanisings’ family fixes date for singer’s night of tributes

Toluwanisings Family Fixes date For Night Of Tributes In Ibadan ,Oct 27 THE family of…

9 hours ago

2027: APC reveals opposition parties backing Tinubu second term

THE National Chairman of the All Progressives Congress, APC, Professor Nentawe Yilwatda has claimed that…

12 hours ago