ZCZC
BCN-27
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.9357 against USD Wednesday
BEIJING, Oct. 24, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 19 basis points to 6.9357
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 100 693.57
Euro 100 795.56
Japanese yen 100 6.1690
Hong Kong dollar 100 88.477
British pound 100 900.42
Australian dollar 100 491.50
New Zealand dollar 100 454.28
Singapore dollar 100 503.24
Swiss franc 100 697.12
Canadian dollar 100 530.17
Malaysian ringgit 60.028 100
Ruble 944.84 100
Rand 205.33 100
Korean won 16,373 100
UAE dirham 52.957 100
Saudi riyal 54.094 100
Hungarian forint 4,055.16 100
Polish zloty 54.003 100
Danish krone 93.77 100
Swedish krona 130.13 100
Norwegian krone 119.50 100
Turkish lira 82.863 100
Mexican peso 278.19 100
Thai baht 472.97 100
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/1140