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China's Yuan Rises to 6.3146 per U.S. Dollar Wednesday

iconDec 28, 2011 10:41
Source:SMM
The Chinese currency Renminbi, strengthened six basis points to 6.3146 against the U.S. dollar on Wednesday

BEIJING, Dec. 28 (Xinhua) -- The Chinese currency Renminbi, or the yuan, strengthened six basis points to 6.3146 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.

RMB
US dollar

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