China's yuan strengthens at 6.6216 per USD Tuesday

10:18, January 11, 2011      

Email | Print | Subscribe | Comments | Forum 

The value of Chinese currency, the yuan, strengthened as the central parity rate was set at 6.6216 yuan per U.S. dollar Tuesday, compared with the 6.6349 on Monday, according to the China Foreign Exchange Trading system.

The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar on Jan. 4 to start 2011.

China's central bank announced on June 19, 2010, it would further reform the yuan exchange rate formation mechanism to improve its flexibility.

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 U.S. dollar is based on a weighted average of enquired prices from all market makers before the opening of the market each business day.

Source: Xinhua
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Bridal Fashion Show in Kathmandu, Nepal
  • Chinese perform for upcoming Spring Festival in Kyrgyzstan
  • Lessons held for handicapped residents prior to Spring Festival
  • FIFA soccer awards presented
  • Legal Year 2011 opens in Hong Kong
  • Chinese vice premier meets with Zambian president
Hot Forum Dicussion