8
ACCORDING to the China Foreign Exchange Trade System, the central parity rate of the Chinese currency, the Yuan, fell eight pips to 6.5598 against the US dollar on Wednesday.
Each trading day, the Yuan is allowed to climb or fall by 2% from the central parity rate in China’s spot foreign exchange market.
The Yuan’s central parity rate against the dollar is calculated using a weighted average of prices given by market makers before the interbank market opens each business day.
