2023-11-13 01:56:29
BEIJING, November 12, 2023 (Xinhua) The yuan fell against a basket of currencies last October, according to data from the China Foreign Exchange Trading System.
According to the data, at the end of last month, the composite index of the yuan exchange rate, which measures the yuan’s strength against a basket of currencies, decreased slightly by 0.24 percent compared to the end of September to 99.31.
The index compares the value of the yuan with 24 currencies, including the US dollar, euro and yen.
As of the end of October, the yuan index against the BIS basket of currencies fell by 0.08 percent from the end of September, reaching 104.06.
The yuan index against the Special Drawing Rights basket fell by 0.28 percent from last month, to 94.
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