After reaching a new high on October 13, the value of the Chinese currency, the yuan, continued to rise against the U.S. dollar the next trading day. The central parity rate of the yuan hit 6.6582 per U.S. dollar on October 14, beating the 6.6693 record the previous day.

The yuan has gained strength against the U.S. dollar and experienced increased volatility since China's central bank announced that it would increase the exchange rate flexibility starting June 19, 2010.

The central parity of the yuan against the U.S. dollar is based on a weighted average of enquired prices from all markets before the opening of the market each business day.