The central parity rate of Chinese currency Renminbi, or the yuan, weakened 20 basis points to 6.2415 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, from a fluctuation limit of 0.5 percent on either side previously.
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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