Off the wire
• China treasury bond futures open higher Wednesday  • UEFA Europa League fixtures  • China Hushen 300 index futures open lower Wednesday  • Chinese shares open lower Wednesday  • this is a test.(001)  • Cuban prostate cancer vaccine to enter 3rd phase of trial  • Japan posts 268.1 bln yen trade deficit in July  • Botswana optimistic than ever for glory at world championships  • Tokyo shares open lower on poor U.S. market  • Dollar trades in lower 124 yen zone in early Tokyo deals  
You are here: 　 Home

Chinese yuan strengthens to 6.3963 against USD Wednesday

Xinhua, August 19, 2015 Adjust font size:

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened by 3 basis points to 6.3963 against the U.S. 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 percent from the central parity rate each trading day.

The People's Bank of China reformed the exchange rate formation system on Aug. 11 to better reflect market development in the exchange rate of the Chinese yuan against the U.S. dollar.

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 market each business day and also refers to the closing rate on the previous day, in conjunction with supply and demand condition and movement of major currencies. Endi