ZCZC
BCN-22
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.9353 against USD Thursday
BEIJING, Nov. 29, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 147 basis points to
6.9353 against the U.S. dollar Thursday, 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 Thursday by
the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 693.53
Euro 100 788.39
Japanese yen 100 6.1055
Hong Kong dollar 100 88.616
British pound 100 889.51
Australian dollar 100 506.38
New Zealand dollar 100 475.92
Singapore dollar 100 505.18
Swiss franc 100 698.20
Canadian dollar 100 522.50
Malaysian ringgit 60.497 100
Ruble 965.49 100
Rand 198.70 100
Korean won 16,198 100
UAE dirham 52.964 100
Saudi riyal 54.102 100
Hungarian forint 4,106.10 100
Polish zloty 54.381 100
Danish krone 94.67 100
Swedish krona 130.31 100
Norwegian krone 123.38 100
Turkish lira 75.272 100
Mexican peso 292.45 100
Thai baht 474.51 100
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/1145