ZCZC
BCN-20
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.912 against USD Friday
BEIJING, Oct. 12, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 22 basis points to 6.9120
against the U.S. dollar Friday, 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 Friday by the
China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 691.20
Euro 100 800.45
Japanese yen 100 6.1571
Hong Kong dollar 100 88.220
British pound 100 913.88
Australian dollar 100 491.98
New Zealand dollar 100 450.64
Singapore dollar 100 501.82
Swiss franc 100 697.63
Canadian dollar 100 530.16
Malaysian ringgit 60.170 100
Ruble 959.79 100
Rand 211.40 100
Korean won 16,466 100
UAE dirham 53.189 100
Saudi riyal 54.312 100
Hungarian forint 4,061.29 100
Polish zloty 53.809 100
Danish krone 93.22 100
Swedish krona 129.98 100
Norwegian krone 118.92 100
Turkish lira 85.790 100
Mexican peso 274.78 100
Thai baht 473.80 100
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/1130