China Yuan Advances to 6.3112 against USD Friday-Shanghai Metals Market

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China Yuan Advances to 6.3112 against USD Friday

Industry News 10:38:14AM Jul 20, 2012 Source:SMM

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.

 

Key Words:  China yuan   Chinese yuan  

China Yuan Advances to 6.3112 against USD Friday

Industry News 10:38:14AM Jul 20, 2012 Source:SMM

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.

 

Key Words:  China yuan   Chinese yuan