China's yuan rises to new high against USD

10:57, April 27, 2011      

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The Chinese currency Renminbi (RMB), or the yuan, Wednesday gained 77 basis points from Tuesday to a record new high of 6.5096 per U.S. dollar.

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 prices before the opening of the market each business day.

Source: Xinhua
 
 
     
 
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(Editor:张茜)

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