ZCZC
BCN-10
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.9476 against USD Monday
BEIJING, Nov. 12, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 147 basis points to 6.9476
against the U.S. dollar Monday, 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 Monday by the
China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 694.76
Euro 100 786.72
Japanese yen 100 6.1026
Hong Kong dollar 100 88.708
British pound 100 898.77
Australian dollar 100 501.94
New Zealand dollar 100 467.73
Singapore dollar 100 503.78
Swiss franc 100 690.88
Canadian dollar 100 526.60
Malaysian ringgit 60.130 100
Ruble 976.32 100
Rand 206.45 100
Korean won 16,261 100
UAE dirham 52.854 100
Saudi riyal 53.977 100
Hungarian forint 4,086.69 100
Polish zloty 54.518 100
Danish krone 94.79 100
Swedish krona 130.67 100
Norwegian krone 121.39 100
Turkish lira 78.611 100
Mexican peso 289.45 100
Thai baht 475.51 100
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/1045