ZCZC
BCN-15
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 7.0725 against USD Monday
BEIJING, Oct. 14, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 2 pips to 7.0725 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 100 707.25
Euro 100 780.23
Japanese yen 100 6.5254
Hong Kong dollar 100 90.168
British pound 100 892.94
Australian dollar 100 480.69
New Zealand dollar 100 447.66
Singapore dollar 100 515.88
Swiss franc 100 709.20
Canadian dollar 100 536.06
Malaysian ringgit 59.065 100
Ruble 906.92 100
Rand 208.91 100
Korean won 16,745 100
UAE dirham 51.899 100
Saudi riyal 53.002 100
Hungarian forint 4,254.21 100
Polish zloty 55.121 100
Danish krone 95.71 100
Swedish krona 138.69 100
Norwegian krone 128.38 100
Turkish lira 83.306 100
Mexican peso 272.98 100
Thai baht 429.35 100
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 weakens last week :
China’s yuan weakened 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 91.33 on Oct. 11,
down 0.2 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 down 0.29 points to 94.89.
The index measuring the yuan against the Special Drawing Rights basket
went down 0.26 points to 91.4.
BSS/XINHUA/HR/1330