China Yuan Hits Record High against USD Friday-Shanghai Metals Market

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China Yuan Hits Record High against USD Friday

Industry News 10:56:30AM Apr 26, 2013 Source:SMM
BEIJING, April 26 -- The Chinese currency Renminbi, or yuan, gained 92 basis points to 6.2208 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.

Price

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#1 Tin Ingot
Oct.14
138000.0
1000.0
(0.73%)
Solder Bar(63A)
Oct.14
100000.0
500.0
(0.50%)
Solder Bar(60A)
Oct.14
96500.0
1000.0
(1.05%)
LF Solder
Oct.14
145000.0
1000.0
(0.69%)
Tin Powder
Oct.14
142.5
0.0
(0.00%)

China Yuan Hits Record High against USD Friday

Industry News 10:56:30AM Apr 26, 2013 Source:SMM
BEIJING, April 26 -- The Chinese currency Renminbi, or yuan, gained 92 basis points to 6.2208 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.