Renminbi [Photo: Chinanews.com]

The Chinese currency surged on Monday, its most in more than a decade, after the central bank voiced supports for the currency.

The official central parity rate strengthened by some 200 basis points.

Yuan also advanced 1.2 percent in Shanghai while the offshore yuan rose some 0.3 percent.

The premium between onshore and offshore rates dropped to less than 0.1 percent, from 1 percent before the holiday.