CHINAUS AFRICAASIA 中文双语Français
Business\Markets

Chinese yuan strengthens to 6.9042 against US dollar Monday

Xinhua | Updated: 2016-11-28 10:24

Chinese yuan strengthens to 6.9042 against US dollar Monday

An employee counts yuan banknotes at a bank in Huaibei, Anhui province, June 22, 2010. [Photo/Agencies]

BEIJING - The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 126 basis points to 6.9042 against the US dollar Monday, according to the China Foreign Exchange Trading System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 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 offered by market makers before the opening of the interbank market each business day.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US