China's yuan advances to 6.3925 against USD
Updated: 2011-08-16 11:19
(Xinhua)
|
|||||||||||
BEIJING - The Chinese currency renminbi, or the yuan, gained 25 basis points to a record high of 6.3925 per US 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 0.5 percent from the central parity rate each trading day.
The central parity rate of the yuan against the US dollar is based on a weighted average of prices before the opening of the market each business day.
Related Stories
Yuan rises to record high against US dollar 2011-08-12 16:04
Yuan completes worst week since March on global growth concerns 2011-08-06 06:59
Yuan lifted as bond yield gap nears a record 2011-08-04 14:25
- IT lags business growth at SOEs
- Chinese outbound M&As hit record levels
- Rate of sales' rise in decline
- Bright Food to buy Australian producer
- Ascent Solar to sell stake, eyes China growth
- Gas imports double in July as use surges
- CBRC seeks public opinion on new capital rules
- Questions remain over safety of bottled water
