BUSINESS Chinese yuan strengthens last week

BUSINESS

Chinese yuan strengthens last week

Xinhua

11:07, August 19, 2019

BEIJING, Aug. 19 (Xinhua) -- China's yuan strengthened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

1.jpg

File photo: VCG

The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, came in at 92.03 on Friday, up 0.19 points from a week earlier, according to the CFETS.

The index compares the yuan to the value of 24 currencies, including the U.S. dollar, euro and Japanese yen.

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket up 0.27 points to 95.56.

The index measuring the yuan against the Special Drawing Rights basket went up 0.08 points to 91.82.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue