ZCZC
BCN-25
CHINA-YUAN-FOREIGN-EXCHANGE
Chinese yuan weakens to 6.8994 against USD Thursday
BEIJING, May 23, 2019 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 2 basis points to 6.8994 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 100 689.94
Euro 100 769.85
Japanese yen 100 6.2603
Hong Kong dollar 100 87.899
British pound 100 873.97
Australian dollar 100 474.65
New Zealand dollar 100 448.12
Singapore dollar 100 500.42
Swiss franc 100 683.95
Canadian dollar 100 513.80
Malaysian ringgit 60.664 100
Ruble 932.16 100
Rand 208.30 100
Korean won 17,252 100
UAE dirham 53.221 100
Saudi riyal 54.34 100
Hungarian forint 4,238.58 100
Polish zloty 55.914 100
Danish krone 97.00 100
Swedish krona 139.53 100
Norwegian krone 126.88 100
Turkish lira 88.558 100
Mexican peso 275.21 100
Thai baht 462.71 100
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