Nigeria, June 24 -- The China Foreign Exchange Trade System announced the rate.

In China's spot foreign exchange market, the Yuan is permitted to fluctuate within a two per cent range above or below the central parity rate during each trading day.

The Yuan's central parity rate against the dollar is calculated based on a weighted average of exchange rates quoted by market makers before the opening of the interbank foreign exchange market each business day.

Published by HT Digital Content Services with permission from The News Chronicle....