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Home / Metal News / China Yuan Rises to 6.3018 Against USD Wednesday

China Yuan Rises to 6.3018 Against USD Wednesday

iconApr 11, 2012 13:29
The Chinese currency Renminbi, or the yuan, strengthened 30 basis points to 6.3018 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.

BEIJING, April 11 (Xinhua) -- The Chinese currency Renminbi, or the yuan, strengthened 30 basis points to 6.3018 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.

 

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