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China Yuan Strengthens to 6.2695 against USD Monday

iconJan 14, 2013 10:55
Source:SMM
The Chinese currency Renminbi, or yuan, strengthened 17 basis points to 6.2695 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.

BEIJING, Jan. 14 (Xinhua) -- The Chinese currency Renminbi, or yuan, strengthened 17 basis points to 6.2695 against the U.S. dollar on Monday, 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
US dollar
central parity rate of yuan

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