Money

Yuan advances to record high Tuesday

(Xinhua)
Updated: 2011-06-07 11:04
Large Medium Small

BEIJING - The Chinese currency Renminbi, or the yuan, strengthened 30 basis points to hit 6.4816 per US dollar on Tuesday, according to the China Foreign Exchange Trading system.

Related readings:
Yuan advances to record high Tuesday US: China not manipulating currency
Yuan advances to record high Tuesday Yuan may be fully convertible in '3-5 yrs'
Yuan advances to record high Tuesday HKMA: Rising yuan not a threat
Yuan advances to record high Tuesday RMB's bumpy road ahead

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the US dollar is based on a weighted average of prices before the opening of the market each business day.

分享按钮