ZCZC
BCN-13
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.9431 against USD Monday
BEIJING, Dec. 3, 2018 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 74 basis points to 6.9431 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 100 694.31
Euro 100 787.34
Japanese yen 100 6.1067
Hong Kong dollar 100 88.764
British pound 100 885.62
Australian dollar 100 511.40
New Zealand dollar 100 479.52
Singapore dollar 100 507.18
Swiss franc 100 695.54
Canadian dollar 100 523.98
Malaysian ringgit 60.20 100
Ruble 960.21 100
Rand 197.86 100
Korean won 16,120 100
UAE dirham 52.874 100
Saudi riyal 54.011 100
Hungarian forint 4,110.28 100
Polish zloty 54.459 100
Danish krone 94.78 100
Swedish krona 130.64 100
Norwegian krone 123.24 100
Turkish lira 74.675 100
Mexican peso 290.34 100
Thai baht 473.22 100
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/XINHUYA/HR/1100