BUSINESS Chinese yuan weakens slightly last week


Chinese yuan weakens slightly last week


11:07, May 13, 2019


File photo: VCG

BEIJING, May 13 (Xinhua) -- China's yuan weakened slightly against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS) index.

The CFETS yuan exchange rate composite index, known as the CFETS RMB Index, which measures the yuan's strength relative to a basket of currencies, came in at 94.79 on May 10, the last trading day of last week, a drop of 0.84 points from a week earlier.

The index compares the yuan to the value of 24 currencies, including the US dollar, euro and Japanese yen, which was expanded from a basket of 13 currencies in 2016.

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket drop 0.95 points to 98.42.

The index measuring the yuan against the Special Drawing Rights basket edged down 1.19 points to 94.41.

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