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China Yuan Strengthens to 6.2856 against USD
Feb 26,2013 13:31CST
industry news
Source:SMM
The Chinese currency Renminbi, or yuan, gained 36 basis points to 6.2856 against the U.S. dollar on Tuesday.

BEIJING, Feb. 26 -- The Chinese currency Renminbi, or yuan, gained 36 basis points to 6.2856 against the U.S. dollar on Tuesday, 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 currency
China's foreign exchange

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