ZCZC
BCN-17
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 7.0020 against USD Friday
BEIJING, Dec. 20, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 5 pips to 7.0020 against
the U.S. dollar Friday, 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 Friday by the
China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 700.20
Euro 100 778.72
Japanese yen 100 6.4025
Hong Kong dollar 100 89.789
British pound 100 911.17
Australian dollar 100 482.32
New Zealand dollar 100 462.75
Singapore dollar 100 516.89
Swiss franc 100 715.87
Canadian dollar 100 533.52
Malaysian ringgit 59.125 100
Ruble 890.38 100
Rand 203.17 100
Korean won 16,610 100
UAE dirham 52.455 100
Saudi riyal 53.574 100
Hungarian forint 4,242.43 100
Polish zloty 54.734 100
Danish krone 95.93 100
Swedish krona 134.39 100
Norwegian krone 128.02 100
Turkish lira 84.846 100
Mexican peso 270.24 100
Thai baht 431.36 100
BSS/XINHUA/HR/1410