The value of the Chinese currency renminbi, or the yuan, gained 8 basis points to 6.1529 against the U.S. dollar in its central parity 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 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 6.1537 against USD on Monday
2014-06-16China yuan strengthens to 6.1503 against USD on Friday
2014-06-13China yuan weakens to 6.1516 against USD on Thursday
2014-06-12Yuan on road to two-way volatility
2014-06-11Yuan bounces back as PBOC shifts reference rate
2014-06-10Rate rise lifts yuan to 2-week high
2014-06-10Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.