Home / Metal News / Precious Metals / China Yuan Rises to 6.3021 Against USD Monday
China Yuan Rises to 6.3021 Against USD Monday
Apr 9,2012 10:58CST
data analysis
Source:SMM
The Chinese currency Renminbi, or the yuan, strengthened 51 basis points to 6.3021 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.

BEIJING, April 9 (Xinhua) -- The Chinese currency Renminbi, or the yuan, strengthened 51 basis points to 6.3021 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.

 

RMB
USD
exchange rate

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news