ZCZC
BCN-34
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.9098 against USD Thursday
BEIJING, Oct. 11, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 26 basis points to 6.9098
against the U.S. dollar Thursday, according to the China Foreign Exchange
Trade System.
In China’s spot foreign exchange market, the yuan is allowed to rise or
fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a
weighted average of prices offered by market makers before the opening of the
interbank market each business day.
The following are the central parity rates of the Chinese currency
renminbi, or the yuan, against 24 major currencies announced on Thursday by
the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 690.98
Euro 100 796.55
Japanese yen 100 6.1549
Hong Kong dollar 100 88.170
British pound 100 912.23
Australian dollar 100 488.12
New Zealand dollar 100 446.25
Singapore dollar 100 499.59
Swiss franc 100 698.34
Canadian dollar 100 529.31
Malaysian ringgit 60.117 100
Ruble 967.46 100
Rand 213.70 100
Korean won 16,485 100
UAE dirham 53.166 100
Saudi riyal 54.291 100
Hungarian forint 4,087.65 100
Polish zloty 54.228 100
Danish krone 93.63 100
Swedish krona 132.16 100
Norwegian krone 119.02 100
Turkish lira 88.012 100
Mexican peso 277.38 100
Thai baht 477.28 100
The central parity rate of the yuan against the U.S. dollar is based on a
weighted average of prices offered by market makers before the opening of the
interbank market each business day.
The central parity rate of the yuan against the Hong Kong dollar is based
on the central parity rate of the yuan against the U.S. dollar and the
exchange rate of the Hong Kong dollar against the U.S. dollar at 9 a.m. in
international foreign exchange markets on the same business day.
The central parity rates of the yuan against the other 22 currencies are
based on the average prices offered by market makers before the opening of
the interbank foreign exchange market.
BSS/XINHUA/HR/1330