Related News
China's yuan hits new high against US dollar
Source: Xinhua |
September 13, 2010, Monday
|
Online Edition
Online Edition
THE central parity rate of the yuan, China's currency Renminbi (RMB), hit a new high today, according to the data released by the China Foreign Exchange Trading System.
The yuan's central parity strengthened 116 basis points to the highest level of 6.7509 per US dollar today from previous record of 6.7625 per US dollar Friday.
The yuan has seen increased volatility in the trading days since the People's Bank of China, the central bank, announced on June 19 this year to increase exchange rate flexibility.
The central parity against the US dollar has risen by 1.12 percent from the rate of 6.8275 per US dollar, set a day before the PBOC's pledge to increase flexibility.
On the over-the-counter market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.
Based on today's central parity rate, the yuan weakened against the euro but strengthened against the Japanese yen.
The yuan's parity against the euro was set at 8.6256 Monday, down from the 8.5752 fixing the previous trading day. While the yuan's rate against 100 yen was 8.0153, up from 8.0425 on Friday.
The yuan's central parity strengthened 116 basis points to the highest level of 6.7509 per US dollar today from previous record of 6.7625 per US dollar Friday.
The yuan has seen increased volatility in the trading days since the People's Bank of China, the central bank, announced on June 19 this year to increase exchange rate flexibility.
The central parity against the US dollar has risen by 1.12 percent from the rate of 6.8275 per US dollar, set a day before the PBOC's pledge to increase flexibility.
On the over-the-counter market, the yuan can rise or fall 0.5 percent from the central parity rate during trading each day.
Based on today's central parity rate, the yuan weakened against the euro but strengthened against the Japanese yen.
The yuan's parity against the euro was set at 8.6256 Monday, down from the 8.5752 fixing the previous trading day. While the yuan's rate against 100 yen was 8.0153, up from 8.0425 on Friday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
