China's yuan weakens to 6.4803 against USD Thursday

09:57, June 16, 2011      

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The Chinese currency Renminbi, or the yuan,weakened by 7 basis points to 6.4803 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system.

The yuan's central parity rate reached a record high of 6.4795 per U.S. dollar on June 8.

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:刘晓宁)

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