ZCZC
BCN-16
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.8845 against USD Wednesday
BEIJING, Dec. 26, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 74.00 basis points to
6.8845 against the U.S. dollar Wednesday, 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 Wednesday by
the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 688.45
Euro 100 785.71
Japanese yen 100 6.2435
Hong Kong dollar 100 87.899
British pound 100 873.50
Australian dollar 100 485.04
New Zealand dollar 100 463.05
Singapore dollar 100 501.72
Swiss franc 100 698.14
Canadian dollar 100 506.33
Malaysian ringgit 60.772 100
Ruble 997.79 100
Rand 212.22 100
Korean won 16,346 100
UAE dirham 53.353 100
Saudi riyal 54.503 100
Hungarian forint 4,094.79 100
Polish zloty 54.602 100
Danish krone 95.04 100
Swedish krona 131.45 100
Norwegian krone 127.18 100
Turkish lira 76.834 100
Mexican peso 289.55 100
Thai baht 473.00 100
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/1135