China yuan strengthens to 6.3303 against USD Monday

2012-07-30 03:31:41 GMT2012-07-30 11:31:41(Beijing Time) Xinhua English

BEIJING, July 30 (Xinhua) -- The Chinese currency Renminbi, or the yuan, advanced 22 basis points to 6.3303 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.

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

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