Friday May 25, 2018
Home > News > Economy
Text:| Print|

China yuan rises to 6.3355 against USD Wednesday

2012-09-12 10:58 Xinhua     Web Editor: Wang Fan comment

The Chinese currency Renminbi, or the yuan, strengthened 36 basis points to 6.3355 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 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 before the opening of the market each business day.

 

Comments (0)

Copyright ©1999-2011 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.