China yuan strengthens to 6.236 against USD
Updated: 2013-04-23 11:25
(Xinhua)
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BEIJING -- The Chinese currency renminbi, or yuan, gained 55 basis points to $6.236 against the 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 1 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.
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