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Chinese yuan strengthens to 6.1226 against USD

Editor: Chen Yue 丨Xinhua

01-20-2015 10:37 BJT

Full coverage: China to Reform RMB Exchange Rate Regime

BEIJING, Jan. 20 (Xinhua) -- The value of the Chinese currency renminbi, or the yuan, strengthened by 4 basis points to 6.1226 against the U.S. dollar in its central parity rate on Tuesday, 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 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.

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