The value of the Chinese currency renminbi, or the yuan, weakened 8 basis points to 6.1636 against the U.S. dollar in its central parity 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 strengthens to 6.1628 against USD Friday
2014-05-16Yuan strengthens to 6.1640 against USD on Thursday
2014-05-15China yuan weakens to 6.1653 against USD on Wednesday
2014-05-14China yuan weakens to 6.1625 against USD on Monday
2014-05-12China yuan weakens to 6.1581 against USD Friday
2014-05-09China yuan weakens to 6.1557 against USD Thursday
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