Chinese Yuan Strengthens to 6.6277 against USD Monday
Chinese yuan & US Dollar
Beijing - QNA
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 234 basis points to 6.6277 against the U.S. 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% from the central parity rate each trading day, China's News Agency (Xinhua) reported.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
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