ZCZC
BCN-28
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 7.0382 against USD Wednesday
BEIJING, Dec. 4, 2019 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 159 pips to 7.0382 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 100 703.82
Euro 100 778.98
Japanese yen 100 6.4707
Hong Kong dollar 100 89.897
British pound 100 913.70
Australian dollar 100 481.45
New Zealand dollar 100 458.38
Singapore dollar 100 515.55
Swiss franc 100 712.22
Canadian dollar 100 528.84
Malaysian ringgit 59.39 100
Ruble 911.17 100
Rand 208.15 100
Korean won 16,887 100
UAE dirham 52.251 100
Saudi riyal 53.348 100
Hungarian forint 4,256.30 100
Polish zloty 54.951 100
Danish krone 95.92 100
Swedish krona 135.55 100
Norwegian krone 130.68 100
Turkish lira 81.701 100
Mexican peso 278.20 100
Thai baht 430.34 100
BSS/XINHUA/HR/1335