ZCZC
BCN-33
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.596 against USD Thursday
BEIJING, June 28, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 391 basis points to 6.596
against the U.S. dollar Thursday, 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 Thursday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 659.60
Euro 100 763.89
Japanese yen 100 5.9966
Hong Kong dollar 100 84.044
British pound 100 866.97
Australian dollar 100 485.30
New Zealand dollar 100 448.76
Singapore dollar 100 483.44
Swiss franc 100 663.02
Canadian dollar 100 495.70
Malaysian ringgit 60.969 100
Ruble 955.27 100
Rand 209.66 100
Korean won 16,950 100
UAE dirham 55.560 100
Saudi riyal 56.731 100
Hungarian forint 4,285.42 100
Polish zloty 56.919 100
Danish krone 97.50 100
Swedish krona 135.76 100
Norwegian krone 123.87 100
Turkish lira 69.930 100
Mexican peso 304.87 100
Thai baht 499.60 100
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 central parity rate of the yuan against the Hong Kong dollar is based on the
central parity rate of the yuan against the U.S. dollar and the exchange rate of the
Hong Kong dollar against the U.S. dollar at 9 a.m. in international foreign exchange
markets on the same business day.
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.
BSS/AFP/HR/1210