The value of yuan, China's currency renminbi, hit new high against US dollar Mondayas the central parity rate of the yuan was set at $6.6732 per dollar, according to the datareleased by the China Foreign Exchange Trading System.
Monday's central parity rate beat the previous record of 6.6830 on Oct 8.
The yuan has picked up its strength'against the US dollars and seen increased volatilityin the trading days since the People's Bank of China (PBOC), the central bank, announcedon June 19 this year to increase exchange rate flexibility.