皇冠体育app

Money

皇冠体育app's yuan rises to new high against dollar

(Xinhua)
Updated: 2011-04-29 11:09
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BEIJING - The Chinese currency Renminbi (RMB), or the yuan, Friday gained 61 basis points from Thursday to a record new high of 6.4990 per US dollar.

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皇冠体育app's yuan rises to new high against dollar 

On 皇冠体育app's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the US dollar is based on a weighted average of prices before the opening of the market each business day.