The value of the Chinese currency renminbi, or the yuan, strengthened by 16 basis points to 6.1405 against the U.S. dollar in its central parity on Wednesday, 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 6.1421 against USD Tuesday
2014-10-28China yuan weakens to 6.1446 against USD Monday
2014-10-27China yuan weakens to 6.1467 against USD Friday
2014-10-24China yuan weakens to 6.1459 against USD Thursday
2014-10-23China yuan weakens to 6.1437 against USD Wednesday
2014-10-22China yuan strengthens to 6.141 against USD Tuesday
2014-10-21Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.