Chinese yuan strengthens to 6.9377 against USD Friday
The central parity rate of the Chinese currency renminbi, ｏｒ the yuan, lost 15 basis points to 6.9377
against the U.S. dollar Friday, according to the China Foreign Exchange Trade 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.