On Thursday, the central parity rate of the Chinese yuan (renminbi) rose by 88 pips, reaching 7.1894 against the US dollar, according to the China Foreign Exchange Trade System.
In China’s spot forex market, the yuan is permitted to fluctuate within a 2% range above or below the central parity rate each day.
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This central parity rate is determined by a weighted average of the exchange rates provided by market makers before the interbank market opens each business day.
 rose by 88 pips, reaching 7.1894 against the US dollar, according to the China Foreign Exchange Trade System.){kind=link}