Markets > Currencies

Chinese yuan strengthen to 6.5032 against US Dollar Friday

Xinhua Financein BEIJING
2017-09-08 10:05

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthen 237 basis points to 650.32 against the U.S. dollar on Friday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 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 offered by market makers before the opening of the interbank market each business day.
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