China Yuan Advances to 6.3167 against USD Tuesday-Shanghai Metals Market

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China Yuan Advances to 6.3167 against USD Tuesday

Industry News 10:27:26AM Jul 17, 2012 Source:SMM

BEIJING, July 17 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 41 basis points to 6.3167 against the U.S. dollar on Tuesday, 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.

 

Key Words:  Chinese yuan   China yuan  

China Yuan Advances to 6.3167 against USD Tuesday

Industry News 10:27:26AM Jul 17, 2012 Source:SMM

BEIJING, July 17 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 41 basis points to 6.3167 against the U.S. dollar on Tuesday, 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.

 

Key Words:  Chinese yuan   China yuan