ZCZC
BCN-28
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.9103 against USD Wednesday
BEIJING, Oct. 17, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 16 basis points to
6.9103 against the U.S. dollar Wednesday, 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 Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 691.19
Euro 100 800.78
Japanese yen 100 6.1816
Hong Kong dollar 100 88.199
British pound 100 909.36
Australian dollar 100 493.32
New Zealand dollar 100 454.50
Singapore dollar 100 502.49
Swiss franc 100 700.32
Canadian dollar 100 532.24
Malaysian ringgit 60.116 100
Ruble 948.68 100
Rand 207.55 100
Korean won 16,368 100
UAE dirham 53.148 100
Saudi riyal 54.293 100
Hungarian forint 4,030.23 100
Polish zloty 53.596 100
Danish krone 93.19 100
Swedish krona 129.44 100
Norwegian krone 117.87 100
Turkish lira 83.591 100
Mexican peso 272.47 100
Thai baht 472.34 100
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/1200