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China's yuan strengthens to 6.3167 against per U.S. dollar Monday

(Xinhua)

13:22, December 26, 2011

BEIJING, Dec. 26 (Xinhua) -- The Chinese currency Renminbi, or the yuan, strengthened 42 basis points to 6.3167 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

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