ZCZC
BCN-23
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.8825 against USD Friday
BEIJING, Dec. 21, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 111 basis points to
6.8825 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 100 688.25
Euro 100 788.48
Japanese yen 100 6.1905
Hong Kong dollar 100 87.932
British pound 100 872.00
Australian dollar 100 489.88
New Zealand dollar 100 466.46
Singapore dollar 100 502.52
Swiss franc 100 697.44
Canadian dollar 100 509.91
Malaysian ringgit 60.698 100
Ruble 992.14 100
Rand 209.09 100
Korean won 16,327 100
UAE dirham 53.370 100
Saudi riyal 54.523 100
Hungarian forint 4,078.33 100
Polish zloty 54.333 100
Danish krone 94.70 100
Swedish krona 130.31 100
Norwegian krone 126.01 100
Turkish lira 76.497 100
Mexican peso 288.91 100
Thai baht 474.40 100
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/1410