ZCZC
BCN-18
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 7.0118 against USD Wednesday
BEIJING, Nov. 20, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 88 pips to 7.0118 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 100 701.18
Euro 100 776.67
Japanese yen 100 6.4638
Hong Kong dollar 100 89.575
British pound 100 906.34
Australian dollar 100 478.46
New Zealand dollar 100 450.84
Singapore dollar 100 515.02
Swiss franc 100 708.12
Canadian dollar 100 528.39
Malaysian ringgit 59.288 100
Ruble 909.54 100
Rand 210.66 100
Korean won 16,647 100
UAE dirham 52.386 100
Saudi riyal 53.487 100
Hungarian forint 4,283.41 100
Polish zloty 55.167 100
Danish krone 96.21 100
Swedish krona 137.44 100
Norwegian krone 130.23 100
Turkish lira 81.337 100
Mexican peso 276.14 100
Thai baht 430.51 100
BSS/XINHUA/HR/1140