ZCZC
BCN-24
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.951 against USD Friday
BEIJING, Oct. 26, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 101 basis points to 6.9510
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 100 695.10
Euro 100 790.36
Japanese yen 100 6.1853
Hong Kong dollar 100 88.658
British pound 100 891.26
Australian dollar 100 491.87
New Zealand dollar 100 453.51
Singapore dollar 100 503.23
Swiss franc 100 695.07
Canadian dollar 100 531.76
Malaysian ringgit 59.996 100
Ruble 943.46 100
Rand 210.19 100
Korean won 16,359 100
UAE dirham 52.841 100
Saudi riyal 53.966 100
Hungarian forint 4,100.08 100
Polish zloty 54.527 100
Danish krone 94.40 100
Swedish krona 131.14 100
Norwegian krone 120.08 100
Turkish lira 81.074 100
Mexican peso 280.40 100
Thai baht 473.81 100
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/1200