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China Yuan Advances to 6.1767 against USD Tuesday
Jun 25, 2013 10:19Source:SMM
The Chinese currency Renminbi, or the yuan, gained 40 basis points to 6.1767 against the U.S. dollar on Tuesday.
BEIJING, June 25 -- The Chinese currency Renminbi, or the yuan, gained 40 basis points to 6.1767 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.
China's foreign exchange
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