SHANGHAI :
PBOC Strengthens Yuan by 218 Bips to 6.4605 Against US Dollar
Tang Shihua
DATE:  Jan 13 2021
/ SOURCE:  Yicai
PBOC Strengthens Yuan by 218 Bips to 6.4605 Against US Dollar PBOC Strengthens Yuan by 218 Bips to 6.4605 Against US Dollar

(Yicai Global) Jan. 13 -- The People's Bank of China set the central parity rate of its currency at 6.4605 against the US dollar this morning, 218 basis points stronger for the redback from yesterday.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.

Editor: Emmi Laine

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Keywords:   Central Parity Rate,Foreign Exchange Market,USD,CNY,PBOC