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

Yuan strengthens to 6.2804 against USD

2013-01-08 10:07 Xinhua     Web Editor: qindexing comment

The Chinese currency Renminbi, or yuan, strengthened by 68 basis points to 6.2804 against the U.S. dollar on Tuesday, 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.