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Yuan hits new high

(Xinhua)
Updated: 2007-04-02 10:31

The value of the Chinese currency yuan against the U.S. dollar hits a new high on Monday with a central parity rate of 7.7306 yuan to one dollar, according to the Chinese Foreign Exchange Trading System.

Related readings: Yuan predicted for further gain Yuan rises to record US$7.73 China urges respect, not threats, from US on yuan

The yuan, also known as Renminbi (RMB) gained 36 basic points from Friday's reference rate of 7.7342 to the U.S. dollar.

The yuan climbed to a central parity rate of 7.7386 yuan to the U.S. dollar, breaking the 7.74 mark on March 8 this year.