Friday May 25, 2018
Home > News > Economy
Text:| Print|

China yuan weakens to 6.3478 against USD Monday

2012-08-20 10:33 Xinhua     Web Editor: Wang YuXia comment

The Chinese currency Renminbi, or yuan, weakened 29 basis points to 6.3478 against the U.S. dollar on Monday, 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.

Comments (0)

Copyright ©1999-2011 All rights reserved.
Reproduction in whole or in part without permission is prohibited.