The Chinese currency renminbi, or yuan, weakened 31 basis points to 6.1521 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 2 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 offered by market makers before the opening of the interbank market each business day.
China yuan weakens to 6.1465 against USD on Thursday
2014-03-27China yuan weakens to 6.1440 against USD on Wednesday
2014-03-26China yuan strengthens to 6.1426 against USD on Tuesday
2014-03-25China yuan weakens to 6.1475 against USD on Friday
2014-03-21China yuan weakens to 6.1460 against USD Thursday
2014-03-20Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.