Yuan increases 7.1697 against dollar

Owotoki Christiana Temitope February 18, 2025

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The central parity rate of the Chinese currency Renminbi, or the Yuan, has increased five pips to 7.1697 against the dollar on Tuesday.

This was made known by the China Foreign Exchange Trade System.

The 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.

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

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Owotoki Christiana Temitope

Owotoki Christiana Temitope is a graduate of Mass communication from Bingham University, has a professional Certificate on Human Resource management and a practicing journalist with high professionalism in reporting Human Angle events for over five years. She is also a practicing investigative journalist.