Text: | Print|

China yuan weakens to 6.1543 against USD Friday

2014-06-27 09:45 Xinhua Web Editor: Qin Dexing
1

The value of the Chinese currency renminbi, or the yuan, lost 5 basis points to 6.1543 against the U.S. dollar in its central parity 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 2 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 offered by market makers before the opening of the interbank market each business day.

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.