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China's Yuan Strengthens to 6.3319 against USD Thursday
Dec 8,2011 13:30CST
data analysis
Source:SMM
The Chinese currency Renminbi, or the yuan, strengthened 23 basis points to 6.3319 against the U.S. dollar on Thursday.

BEIJING, Dec. 8 (Xinhua) -- The Chinese currency Renminbi, or the yuan, strengthened 23 basis points to 6.3319 against the U.S. dollar 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 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.
 

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