Yuan advances to 6.3797 against USD Friday
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Xinhua, September 16, 2011
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The Chinese currency Renminbi, or the yuan, gained 81 basis points to a record high of 6.3797 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 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 before the opening of the market each business day.
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