China Yuan Rises to 6.3021 Against USD Monday

Data Analysis 10:58:52AM Apr 09, 2012 Source:SMM

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.

 

Key Words:  RMB  USD  exchange rate 

China Yuan Rises to 6.3021 Against USD Monday

Data Analysis 10:58:52AM Apr 09, 2012 Source:SMM

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.

 

Key Words:  RMB  USD  exchange rate