Latest News:  
Beijing   Sunny    16 / 4 ℃  City Forecast

English>>China Business

Yuan price hits six-month high


08:31, November 13, 2012

BEIJING, Nov. 12 (Xinhua) -- The yuan strengthened to 6.2920 against the U.S. dollar on Monday, setting a half-year high.

The central parity rate grew by 92 basis points on Monday from 6.3012 on the previous trading day, according to the China Foreign Exchange Trading System.

The figure was the strongest since May 9. The central parity rate of the yuan was at 6.2865 on May 9, and even lower, at 6.2804, on May 8.

Monday marked the fifth day running for the central parity rate to rise.

The spot prices of the yuan have been rising to the daily trade limits for ten days. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.

The sharp appreciation of the yuan came after monthly trade figures were released on Saturday.

The October trade surplus widened to 31.99 billion U.S. dollars from 27.67 billion U.S. dollars in September and 26.66 billion U.S. dollars in August.

【1】 【2】

Recommended Features:
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Oct. data released, inflation slows
Gold collection issued to mark 'Year of Snake' China: A Fast- growing Force in IPR 13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Leave your comment0 comments

  1. Name


Selections for you

  1. Devil training of PLA

  2. Weekly review of military photos

  3. Unforgettable moments in Nov. (II)

  4. Diverse activities on Single's Day

  5. Beijing experiences windy weather

  6. RMB hits six-month high

  7. Chinese acrobatics gain global clout

  8. Carl Warner's Foodscapes

Most Popular


  1. Analysis: China's social financing stable
  2. Smartphones disconnect people
  3. Recalling Faulty Vehicles
  4. Puzzlement hits historic towers' road to WCH
  5. Online amenities create utopia of idiots
  6. Economic ranking means less for public
  7. Commentary: What path will economy take
  8. Growth of for-profit hospitals should be limited
  9. Mahjong: to protect or to crack down?
  10. Commertary: Finding a dynamic balance

What’s happening in China

Boys will be girls

  1. Sina Weibo launches new charity platform
  2. Races canceled as students struggle to stay fit
  3. Chinese authorities urge school bus safety
  4. Survey team looks for rare white-flag dolphins
  5. Blackouts, school closures as snowstorms hit NE