ZCZC
BCN-21
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 7.0728 against USD Wednesday
BEIJING, Oct. 9, 2019 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 2 pips to 7.0728 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 100 707.28
Euro 100 777.47
Japanese yen 100 6.6319
Hong Kong dollar 100 90.169
British pound 100 867.38
Australian dollar 100 477.92
New Zealand dollar 100 447.38
Singapore dollar 100 513.61
Swiss franc 100 715.48
Canadian dollar 100 533.03
Malaysian ringgit 59.055 100
Ruble 915.21 100
Rand 215.13 100
Korean won 16,841 100
UAE dirham 51.731 100
Saudi riyal 52.824 100
Hungarian forint 4,289.59 100
Polish zloty 55.523 100
Danish krone 96.00 100
Swedish krona 140.05 100
Norwegian krone 129.03 100
Turkish lira 82.202 100
Mexican peso 276.29 100
Thai baht 428.28 100
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/1200