PBOC Sets Yuan-Dollar Parity Rate 54 Bips Stronger at 7.0300
Tang Shihua
DATE:  Apr 13 2020
/ SOURCE:  Yicai

(Yicai Global) April 13 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central  bank, set the yuan parity rate against US dollar at 7.0300, 54 basis points stronger for the redback than on April 10.

The CFETS fixes the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below its figure.

Editor: Ben Armour


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Keywords:   PBOC