ZCZC
BCN-17
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.8827 against USD Wednesday
BEIJING, July 17, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 117 basis points to 6.8827
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 100 688.27
Euro 100 771.67
Japanese yen 100 6.3606
Hong Kong dollar 100 88.07
British pound 100 854.32
Australian dollar 100 482.88
New Zealand dollar 100 461.25
Singapore dollar 100 506.79
Swiss franc 100 696.71
Canadian dollar 100 526.01
Malaysian ringgit 59.728 100
Ruble 915.49 100
Rand 202.67 100
Korean won 17,140 100
UAE dirham 53.354 100
Saudi riyal 54.48 100
Hungarian forint 4,222.85 100
Polish zloty 55.152 100
Danish krone 96.75 100
Swedish krona 136.41 100
Norwegian krone 124.55 100
Turkish lira 82.99 100
Mexican peso 277.45 100
Thai baht 449.32 100
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/1245