ZCZC
BCN-03
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.3962 against USD Monday
BEIJING, May 28, 2018 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 95 basis points to 6.3962 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 100 639.62
Euro 100 747.53
Japanese yen 100 5.8334
Hong Kong dollar 100 81.530
British pound 100 851.14
Australian dollar 100 483.49
New Zealand dollar 100 442.76
Singapore dollar 100 476.82
Swiss franc 100 644.40
Canadian dollar 100 492.90
Malaysian ringgit 62.253 100
Ruble 972.91 100
Rand 195.33 100
Korean won 16,815 100
UAE dirham 57.431 100
Saudi riyal 58.643 100
Hungarian forint 4,266.78 100
Polish zloty 57.652 100
Danish krone 99.64 100
Swedish krona 136.64 100
Norwegian krone 127.43 100
Turkish lira 73.614 100
Mexican peso 305.47 100
Thai baht 498.86 100
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/1000