ZCZC
BCN-17
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 7.0385 against USD Wednesday
BEIJING, Dec. 11, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 15 basis points to
7.0385 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 100 703.85
Euro 100 780.76
Japanese yen 100 6.4697
Hong Kong dollar 100 89.936
British pound 100 923.71
Australian dollar 100 479.33
New Zealand dollar 100 460.50
Singapore dollar 100 518.06
Swiss franc 100 714.90
Canadian dollar 100 531.85
Malaysian ringgit 59.107 100
Ruble 902.48 100
Rand 210.11 100
Korean won 16,930 100
UAE dirham 52.181 100
Saudi riyal 53.28 100
Hungarian forint 4,237.96 100
Polish zloty 54.957 100
Danish krone 95.71 100
Swedish krona 134.89 100
Norwegian krone 130.38 100
Turkish lira 82.486 100
Mexican peso 273.60 100
Thai baht 430.66 100
BSS/XINHUA/HR/1440