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China Yuan Advances to 6.3112 against USD Friday
Jul 20,2012 10:38CST
industry news
Source:SMM
The Chinese currency Renminbi, or the yuan, gained 14 basis points to 6.3112 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.

BEIJING, July 20 (Xinhua) -- The Chinese currency Renminbi, or the yuan, gained 14 basis points to 6.3112 against the U.S. dollar on Friday, 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
Chinese yuan

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