Yuan spot price per USD hits record high (2)

The People's Bank of China (PBOC), the country's central bank, set the central parity rate of the yuan against the U.S. dollar at 6.2891 on Tuesday, the highest since May 9. The central parity rate of the yuan was 6.2865 on May 9, and even lower, at 6.2804, on May 8.

The central parity rate of the yuan broke the level of 6.3 for the first time by hitting 6.2937 on Feb. 10. The strongest point of the yuan for this year was 6.2670 on May 2, while the weakest point for this year was 6.3495 on Aug. 16.

China abandoned a decade-old peg to the U.S. dollar by allowing its currency to fluctuate against a basket of currencies on July 21, 2005.

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