China Yuan Advances to 6.3170 against USD Thursday

Data Analysis 10:45:36AM Jun 07, 2012 Source:SMM

BEIJING Jun. 7 - The Chinese currency renminbi, or the yuan, gained 91 basis points to 6.3170 against the US dollar on Thursday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day.

China Yuan Advances to 6.3170 against USD Thursday

Data Analysis 10:45:36AM Jun 07, 2012 Source:SMM

BEIJING Jun. 7 - The Chinese currency renminbi, or the yuan, gained 91 basis points to 6.3170 against the US dollar on Thursday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day.