Business / Finance

China yuan weakens to 6.1343 against USD Wednesday

(Xinhua) Updated: 2014-03-12 10:00

China yuan weakens to 6.1343 against USD Wednesday

A visitor walks past currency signs at an international finance exposition inBeijing. [Photo/China Daily]


BEIJING - The Chinese currency renminbi, or the yuan, went down 16 basis points to 6.1343 against the US dollar on Wednesday, according to the China Foreign Exchange Trading System.

China yuan weakens to 6.1343 against USD Wednesday

A record year for foreign renminbi exchange  

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 percent from the central parity rate each trading day.

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

China yuan weakens to 6.1312 against USD Monday

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