The central parity rate of the Chinese currency renminbi, or the Yuan, weakened
20 pips to 6.8150 against the dollar on Monday.
This is according to the China Foreign Exchange Trade System.
In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by
two per cent from the central parity rate each trading day.
The central parity 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.