ZCZC
BCN-11
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 7.0365 against USD Monday
BEIJING, Aug. 19, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 53 pips to 7.0365 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 100 703.65
Euro 100 780.52
Japanese yen 100 6.6135
Hong Kong dollar 100 89.712
British pound 100 855.65
Australian dollar 100 477.45
New Zealand dollar 100 452.12
Singapore dollar 100 508.16
Swiss franc 100 718.82
Canadian dollar 100 530.54
Malaysian ringgit 59.309 100
Ruble 942.90 100
Rand 217.33 100
Korean won 17,188 100
UAE dirham 52.181 100
Saudi riyal 53.289 100
Hungarian forint 4,157.45 100
Polish zloty 55.601 100
Danish krone 95.52 100
Swedish krona 137.32 100
Norwegian krone 127.92 100
Turkish lira 79.37 100
Mexican peso 278.97 100
Thai baht 439.18 100
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.
Chinese yuan strengthens last week
China’s yuan strengthened against a basket of currencies last week,
according to the China Foreign Exchange Trade System (CFETS).
The CFETS yuan exchange rate composite index, which measures the yuan’s
strength relative to a basket of currencies, came in at 92.03 on Friday, up
0.19 points from a week earlier, according to the CFETS.
The index compares the yuan to the value of 24 currencies, including the
U.S. dollar, euro and Japanese yen.
Last week also saw an index that measures the yuan against the Bank for
International Settlements currency basket up 0.27 points to 95.56.
The index measuring the yuan against the Special Drawing Rights basket went
up 0.08 points to 91.82.
BSS/XINHUA/HR/1200