The value of the Chinese currency renminbi, or the yuan, weakened by 28 basis points to 6.1453 against the U.S. dollar in its central parity on Thursday, 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 6.1425 against USD Wednesday
2014-09-10China‘s yuan weakens to 6.1707 against USD Friday
2014-09-05China‘s yuan rises to 6.1666 against USD Thursday
2014-09-04China‘s yuan weakens to 6.1697 against USD Wednesday
2014-09-03China‘s yuan weakens to 6.1684 against USD Tuesday
2014-09-02Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.