ecns [expanded by feedex.net]: China yuan hits record high of 6.2454 against USD Monday

ecns [expanded by feedex.net]

ecns

China yuan hits record high of 6.2454 against USD Monday
http://www.ecns.cn/business/2013/04-15/58813.shtml
Apr 15th 2013, 02:21

















2013-04-15 11:21 Xinhua     Web Editor: qindexing
comment


The Chinese currency Renminbi, or yuan, strengthened 52 basis points to hit a record high of 6.2454 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.












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