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China's yuan sets new high against dollar

Updated: 2011-03-31 10:30

(Xinhua)

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BEIJING - The Chinese currency, or the yuan, on Thursday gained 22 basis points from Wednesday to a record high of 6.5564 per US dollar.

Related readings:
China's yuan sets new high against dollar China's yuan advances against USD Wednesday
China's yuan sets new high against dollar China to further reform exchange rate, interests rate
China's yuan sets new high against dollar China sees sharp rise in foreign exchange purchase
China's yuan sets new high against dollar Yuan reform pace remains 'unchanged'

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 US dollar is based on a weighted average of prices before the opening of the market each business day.

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