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Home / Metal News / China Yuan Advances to 6.3170 against USD Thursday

China Yuan Advances to 6.3170 against USD Thursday

Jun 7, 2012 10:45

Source:SMM

The Chinese currency renminbi, or the yuan, gained 91 basis points to 6.3170 against the US dollar on Thursday.

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.

Chinese currency

foreign exchange

US dollar

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China Yuan Advances to 6.3170 against USD Thursday

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