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China's Yuan Strengthens to 6.3207 Against USD Wednesday
Nov 9,2011 11:09CST
industry news
Source:SMM
The Chinese currency Renminbi, or the yuan, strengthened 40 basis points to 6.3207 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

BEIJING, Nov. 9 (Xinhua) -- The Chinese currency Renminbi, or the yuan, strengthened 40 basis points to 6.3207 against the U.S. dollar 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 0.5 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 before the opening of the market each business day.

 

Yuan;dollar

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