BEIJING, March 20 (Xinhua) — China’s yuan strengthened in opposition to a basket of currencies final week, in accordance with the China Foreign Exchange Trade System (CFETS).
The CFETS yuan change fee composite index, which measures the yuan’s power relative to a basket of currencies, went up 0.36 factors from the earlier week to 100.43, in accordance with the CFETS.
The index compares the yuan with the worth of 24 currencies, together with the U.S. dollar, euro and Japanese yen.
Last week additionally noticed an index that measures the yuan in opposition to the Bank for International Settlements foreign money basket up 0.4 factors from the earlier week to 105.1.
The index measuring the yuan in opposition to the Special Drawing Rights basket gained 0.45 factors week on week to 97.02.