China's Yuan Strengthens to 6.3056 Against USD Monday -Shanghai Metals Market

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China's Yuan Strengthens to 6.3056 Against USD Monday

Data Analysis 03:00:57PM Jan 30, 2012 Source:SMM

BEIJING, Jan. 30 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 82 basis points to 6.3056 against the U.S. dollar on Monday, 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.

 

Key Words:  RMB exchange rate 

China's Yuan Strengthens to 6.3056 Against USD Monday

Data Analysis 03:00:57PM Jan 30, 2012 Source:SMM

BEIJING, Jan. 30 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 82 basis points to 6.3056 against the U.S. dollar on Monday, 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.

 

Key Words:  RMB exchange rate