Home Facts market

China's yuan advances to 6.6389 per USD Monday

China's yuan advances to 6.6389 per USD Monday

Write: Storm [2011-05-20]
Tags: the yuan

The central parity rate of renminbi, or China's currency yuan, advanced to 6.6389 per U.S. dollar Monday from Friday's 6.6408, according to the data released by the China Foreign Exchange Trading System.

At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 percent each way of the central parity rate.