China yuan weakens to 6.1343 against USD Wednesday
(Xinhua) Updated: 2014-03-12 10:00
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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.
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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.
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