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HomePage > News > China's yuan rises 28 basis points to 6.4921 per USD Thursday
China's yuan rises 28 basis points to 6.4921 per USD Thursday
    May 27,2011



The yuan hit an all-time high on May 11 when the central parity rate was set at 6.4848 per U.S. dollar.

On China'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 U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

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