The China Foreign Exchange Trade System published the following official central parity rates for main currencies against the yuan Monday:
A Dow Jones Newswires Roundup
China's markets were closed from Thursday through Sunday.
The daily central parity rate for the yuan versus the U.S. dollar is the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation.
In each daily trading session the central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate and the yuan/ringgit and yuan/ruble to move no more than 5%. It allows other currency pairs to move as much as 3% above or below the central parity rate.
Source: www.chinamoney.com.cn
Write to djnews.shanghai@dowjones.com
(END) Dow Jones Newswires
May 04, 2014 21:24 ET (01:24 GMT)
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