China Yuan Strengthens to 6.236 against USD-Shanghai Metals Market

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China Yuan Strengthens to 6.236 against USD

Industry News 03:44:42PM Apr 23, 2013 Source:SMM

 BEIJING, April 23 -- The Chinese currency Renminbi, or yuan, gained 55 basis points to 6.236 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.
 

Price

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Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
Aluminum Ingot - Fo Shan
Oct.21
13920.0
-40.0
(-0.29%)
Aluminum Ingot - Wu Xi
Oct.21
13970.0
-30.0
(-0.21%)
Aluminum Ingot - Hang Zhou
Oct.21
13995.0
-45.0
(-0.32%)
Aluminum Ingot - Chong Qing
Oct.21
13950.0
-30.0
(-0.21%)

China Yuan Strengthens to 6.236 against USD

Industry News 03:44:42PM Apr 23, 2013 Source:SMM

 BEIJING, April 23 -- The Chinese currency Renminbi, or yuan, gained 55 basis points to 6.236 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.