ZCZC
BCN-06
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.9225 against USD Monday
BEIJING, Aug. 5, 2019 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 229 pips to 6.9225 against the U.S.
dollar Monday, 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 Monday by the
China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 692.25
Euro 100 768.21
Japanese yen 100 6.4915
Hong Kong dollar 100 88.443
British pound 100 840.61
Australian dollar 100 469.82
New Zealand dollar 100 451.07
Singapore dollar 100 502.39
Swiss franc 100 704.38
Canadian dollar 100 524.03
Malaysian ringgit 60.087 100
Ruble 940.29 100
Rand 213.17 100
Korean won 17,342 100
UAE dirham 53.099 100
Saudi riyal 54.235 100
Hungarian forint 4,257.14 100
Polish zloty 56.067 100
Danish krone 97.18 100
Swedish krona 139.24 100
Norwegian krone 128.86 100
Turkish lira 80.297 100
Mexican peso 279.61 100
Thai baht 444.50 100
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