Metals News
China Yuan Advances to 6.314 against USD Wednesday
industry news
10:41AM
Source:SMM

BEIJING, July 18 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 27 basis points to 6.314 against the U.S. dollar on Wednesday, 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 Price

No Data