Home / Metal News /  / China Yuan Advances to 6.3167 against USD Tuesday
China Yuan Advances to 6.3167 against USD Tuesday
Jul 17,2012 10:27CST
industry news
Source:SMM
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.

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.

 

Chinese yuan
China yuan

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

Related news