ZCZC
BCN-13
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 7.0724 against USD Wednesday
BEIJING, Sept. 25, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 5 pips to 7.0724 against
the U.S. dollar Wednesday, 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 Wednesday by
the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 707.24
Euro 100 779.35
Japanese yen 100 6.6072
Hong Kong dollar 100 90.213
British pound 100 883.87
Australian dollar 100 481.39
New Zealand dollar 100 447.41
Singapore dollar 100 514.74
Swiss franc 100 718.17
Canadian dollar 100 534.77
Malaysian ringgit 59.042 100
Ruble 901.62 100
Rand 210.01 100
Korean won 16,864 100
UAE dirham 51.876 100
Saudi riyal 52.979 100
Hungarian forint 4,276.84 100
Polish zloty 56.161 100
Danish krone 95.73 100
Swedish krona 136.62 100
Norwegian krone 127.26 100
Turkish lira 80.461 100
Mexican peso 274.70 100
Thai baht 431.44 100
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/AFP/HR/1315