ZCZC
BCN-09
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.9006 against USD Monday
BEIJING, Dec. 24, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 181.00 basis points to
6.9006 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 100 690.06
Euro 100 785.29
Japanese yen 100 6.2166
Hong Kong dollar 100 88.099
British pound 100 873.58
Australian dollar 100 486.93
New Zealand dollar 100 463.99
Singapore dollar 100 502.78
Swiss franc 100 695.01
Canadian dollar 100 508.00
Malaysian ringgit 60.516 100
Ruble 995.83 100
Rand 211.94 100
Korean won 16,311 100
UAE dirham 53.184 100
Saudi riyal 54.328 100
Hungarian forint 4,099.83 100
Polish zloty 54.605 100
Danish krone 95.10 100
Swedish krona 130.96 100
Norwegian krone 127.01 100
Turkish lira 76.978 100
Mexican peso 288.54 100
Thai baht 472.61 100
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/1200