China's yuan advances to new high against U.S. dollar Wednesday

11:05, April 06, 2011      

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The Chinese currency Renminbi (RMB), or the yuan, on Wednesday gained 31 basis points, from last Friday to a record high of 6.5496 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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