Home / Metal News / Nickel / China Yuan Retreats to 6.3188 against USD Friday
China Yuan Retreats to 6.3188 against USD Friday
Jun 8,2012 10:22CST
data analysis
Source:SMM
The Chinese currency Renminbi, or the yuan, lost 18 basis points to 6.3188 against the U.S. dollar on Friday.

BEIJING, Jun. 8 -- The Chinese currency Renminbi, or the yuan, lost 18 basis points to 6.3188 against the U.S. dollar on Friday, 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 U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

Chinese currency

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