Follow us on:   

Chinese yuan hits record high against dollar
April 15, 2013, 10:27 am


[Getty Images]

The Renminbi strengthened 52 basis points to hit a record high of 6.2454 against the US 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 1 per cent from the central parity rate each trading day.

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

Source: Agencies

Leave a Reply

Your email address will not be published. Required fields are marked *

Anti-Spam * Time limit is exhausted. Please reload the CAPTCHA.