ZCZC
BCN-18
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.9306 against USD Friday
BEIJING, Nov. 23, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthens 85 basis points to 6.9306
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 100 693.06
Euro 100 790.36
Japanese yen 100 6.1347
Hong Kong dollar 100 88.532
British pound 100 892.46
Australian dollar 100 502.52
New Zealand dollar 100 471.88
Singapore dollar 100 504.76
Swiss franc 100 696.81
Canadian dollar 100 525.63
Malaysian ringgit 60.548 100
Ruble 946.90 100
Rand 198.32 100
Korean won 16,300 100
UAE dirham 52.999 100
Saudi riyal 54.134 100
Hungarian forint 4,065.25 100
Polish zloty 54.333 100
Danish krone 94.43 100
Swedish krona 130.44 100
Norwegian krone 123.10 100
Turkish lira 76.457 100
Mexican peso 293.00 100
Thai baht 475.62 100
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/1215