Thu, 05 Oct 2023

Chinese yuan weakened last week

Xinhua
29 May 2023, 20:30 GMT+10

BEIJING, May 29 (Xinhua) -- The Chinese yuan weakened against a basket of currencies last week, according to the China Foreign Exchange Trade System (CFETS).

The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, fell 0.04 points from the previous week to 98.78, according to the CFETS.

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

Last week also saw an index that measures the yuan against the Bank for International Settlements currency basket edge down 0.13 points from the previous week to 103.13.

The index measuring the yuan against the Special Drawing Rights basket fell 0.24 points week on week to 94.61.

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