China-RMB Rate

Shotlist

FILE: Beijing, China – March 20, 2020 (CCTV – No access Chinese mainland)
1. Various of State Administration of Foreign Exchange building

FILE: Beijing, China – Date Unknown (CCTV – No access Chinese mainland)
2. Various of People’s Bank of China (PBOC) headquarters
3. Sign of People’s Bank of China inside headquarters

FILE: China – Exact Location and Date Unknown (CCTV – No access Chinese mainland)
4. Various of bank clerk counting 100 yuan notes
5. 100 yuan notes going through bill counter
6. Various of employees, customers in commercial bank
7. Various of Chinese yuan banknotes being counted

FILE: Beijing, China – Date Unknown (CCTV – No access Chinese mainland)
8. Various of bank clerks working at China Construction Bank

FILE: China – Date and Exact Location Unknown (CCTV – No access Chinese mainland)
9. Various of Chinese yuan banknotes going through cash counting machine
10. Bundles of Chinese yuan, U.S. dollar banknotes on table
11. U.S. dollar banknotes being counted by bank clerk

FILE: Beijing, China – Jan 2016 (CCTV – No access Chinese mainland)
12. Various of U.S. dollar banknotes going through cash counting machine

Storyline

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 111 pips to 6.7584 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.