China Yuan Advances to 6.3005 against USD Monday

Data Analysis 01:04:20PM Jun 18, 2012 Source:SMM

BEIJING, June 18 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 84 basis points to 6.3005 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 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. 

 

China Yuan Advances to 6.3005 against USD Monday

Data Analysis 01:04:20PM Jun 18, 2012 Source:SMM

BEIJING, June 18 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 84 basis points to 6.3005 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 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.