Yuan strengthens 18 pips against the US dollar to 6.7882 as China’s currency records another gain at the central parity rate on Wednesday.
The Yuan strengthened against the US dollar on Wednesday, August 12, 2026, with China’s central parity rate rising 18 pips to 6.7882.
The latest rate was announced by the China Foreign Exchange Trade System (CFETS). The move represents a modest strengthening of the renminbi against the dollar at the start of Wednesday’s trading session.
China’s spot foreign exchange market allows the Yuan to fluctuate within a band of two per cent above or below the central parity rate on each trading day.
The central parity rate of the Yuan against the dollar is calculated using a weighted average of prices quoted by market makers before the opening of the interbank foreign exchange market each business day.
The daily central parity mechanism is a key reference point for the trading of the Chinese currency in the country’s managed foreign exchange market.
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