ZCZC
BCN-17
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.8938 against USD Thursday
BEIJING, Aug. 1, 2019 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 97 basis points to 6.8938 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 100 689.38
Euro 100 763.56
Japanese yen 100 6.3401
Hong Kong dollar 100 88.066
British pound 100 838.36
Australian dollar 100 472.28
New Zealand dollar 100 452.26
Singapore dollar 100 501.92
Swiss franc 100 693.81
Canadian dollar 100 522.91
Malaysian ringgit 59.880 100
Ruble 922.40 100
Rand 207.83 100
Korean won 17,214 100
UAE dirham 53.245 100
Saudi riyal 54.370 100
Hungarian forint 4,268.91 100
Polish zloty 56.132 100
Danish krone 97.76 100
Swedish krona 140.04 100
Norwegian krone 128.48 100
Turkish lira 80.902 100
Mexican peso 277.60 100
Thai baht 448.12 100
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/1125