Home / Metal News / China Yuan Retreats to 6.2096 against USD Thursday, May16

China Yuan Retreats to 6.2096 against USD Thursday, May16

iconMay 16, 2013 10:59
Source:SMM
The Chinese currency Renminbi, or the yuan, lost 26 basis points to 6.2096 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System.
BEIJING, May 16 -- The Chinese currency Renminbi, or the yuan, lost 26 basis points to 6.2096 against the U.S. dollar on Thursday, 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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All