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Chinese Yuan Strengthens to 6.1354 against USD


12/1/2014 6:32:05 AM

(MENAFN- Qatar News Agency) Beijing November 26 (QNA) - The value of the Chinese currency renminbi or the yuan strengthened by 36 basis points to 6.1354 against the U.S. dollar in its central parity rate 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 percent from the central parity rate each trading day according to China's (Xinhua) News Agency.



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. (QNA)


Qatar News Agency

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