The value of the Chinese currency renminbi, or the yuan, strengthened by 44 basis points to 6.1325 against the U.S. dollar in its central parity rate on Tuesday, 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 weakens to 6.1369 against USD Monday
2014-12-01Chinese yuan weakens to 6.1345 against USD Friday
2014-11-28Chinese yuan strengthens to 6.1320 against USD Thursday
2014-11-27Chinese yuan strengthens to 6.1354 against USD Wednesday
2014-11-26Chinese yuan strengthens to 6.1390 against USD Tuesday
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