Chinese Yuan strengthens to 6.1123 against USD Wednesday
Central parity rate of Chinese currency yuan, strengthened to 6.1123 against US dollar
Beijing - QNA
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened by 32 basis points to 6.1123 against the US dollar on Wednesday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, according to China's (Xinhua) News Agency.
The central parity rate of the yuan against the US 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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