PBOC Strengthens Yuan by 74 Bips to 6.9805 a Dollar
Liao Shumin
DATE:  Dec 30 2019
/ SOURCE:  yicai

(Yicai Global) Dec. 30 -- The People's Bank of China strengthened the yuan by 74 basis points against the US dollar this morning, fixing the central parity rate at 6.9805.

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:   Parity Rate,Yuan's Exchange Rate