ZCZC
BCN-07
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 7.0490 against USD Thursday
BEIJING, Aug. 22, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 57 pips to 7.0490 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 100 704.90
Euro 100 781.83
Japanese yen 100 6.6154
Hong Kong dollar 100 89.888
British pound 100 855.48
Australian dollar 100 478.33
New Zealand dollar 100 451.52
Singapore dollar 100 509.65
Swiss franc 100 718.11
Canadian dollar 100 530.74
Malaysian ringgit 59.224 100
Ruble 931.65 100
Rand 215.49 100
Korean won 17,056 100
UAE dirham 52.084 100
Saudi riyal 53.181 100
Hungarian forint 4,185.52 100
Polish zloty 55.594 100
Danish krone 95.35 100
Swedish krona 136.41 100
Norwegian krone 126.80 100
Turkish lira 81.184 100
Mexican peso 279.18 100
Thai baht 436.48 100
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/1115