The value of the Chinese currency renminbi, or the yuan, strengthened by 36 basis points to 6.1354 against the U.S. dollar in its central parity rate on Wednesday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange 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.
Chinese yuan strengthens to 6.1390 against USD Tuesday
2014-11-25Chinese yuan weakens to 6.1420 against USD Monday
2014-11-24Chinese yuan strengthens to 6.1387 against USD Friday
2014-11-21Chinese yuan weakens to 6.1417 against USD Thursday
2014-11-20Chinese yuan strengthens to 6.1397 against USD Wednesday
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