ZCZC
BCN-21
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.8860 against USD Wednesday
BEIJING, July 24, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 42 basis points to 6.8860
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 100 688.60
Euro 100 767.79
Japanese yen 100 6.3639
Hong Kong dollar 100 88.158
British pound 100 856.28
Australian dollar 100 481.54
New Zealand dollar 100 461.21
Singapore dollar 100 504.06
Swiss franc 100 698.82
Canadian dollar 100 524.18
Malaysian ringgit 59.806 100
Ruble 918.16 100
Rand 202.35 100
Korean won 17,127 100
UAE dirham 53.341 100
Saudi riyal 54.468 100
Hungarian forint 4,242.81 100
Polish zloty 55.447 100
Danish krone 97.24 100
Swedish krona 137.59 100
Norwegian krone 126.12 100
Turkish lira 83.019 100
Mexican peso 278.59 100
Thai baht 449.07 100
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/1320