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Chinese Yuan Weakens to 6.2816 against USD
Feb 18,2013 10:22CST
industry news
Source:SMM
The Chinese currency Renminbi, or yuan, weakens 23 basis points to 6.2816 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.

BEIJING, Feb. 18 (Xinhua) -- The Chinese currency Renminbi, or yuan, weakens 23 basis points to 6.2816 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
China Foreign Exchange Trading System

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