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China Yuan Advances to 6.3126 against USD Thursday
Jul 19,2012 10:29CST
industry news
Source:SMM
The Chinese currency Renminbi, or the yuan, gained 14 basis points to 6.3126 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System.

BEIJING, July 19 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 14 basis points to 6.3126 against the U.S. dollar on Thursday, 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

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