ZCZC
BCN-33
CHINA-FREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.6595 against USD Wednesday
BEIJING, July 4, 2018 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 98 basis points to 6.6595 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 100 665.95
Euro 100 776.65
Japanese yen 100 6.0294
Hong Kong dollar 100 84.900
British pound 100 878.97
Australian dollar 100 491.86
New Zealand dollar 100 450.00
Singapore dollar 100 487.98
Swiss franc 100 671.50
Canadian dollar 100 506.91
Malaysian ringgit 60.754 100
Ruble 948.91 100
Rand 205.45 100
Korean won 16,760 100
UAE dirham 55.127 100
Saudi riyal 56.287 100
Hungarian forint 4,213.63 100
Polish zloty 56.599 100
Danish krone 95.93 100
Swedish krona 132.58 100
Norwegian krone 122.14 100
Turkish lira 70.168 100
Mexican peso 292.56 100
Thai baht 497.84 100
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/XINHUA/HR/1335