China yuan hits record high against USD Friday

BEIJING, April 26 (Xinhua) -- The Chinese currency Renminbi, or yuan, gained 92 basis points to 6.2208 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.

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 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.

We Recommend:
Living in mini homes in China	Stunning models at Bangkok Int'l Auto Show	Shanghai Tower, tallest skyscraper in China
Bird flu fears hit poultry industry	Bird flu takes toll on poultry industry	Int'l footwear exhibition kicks off in Shanghai