ZCZC
BCN-19
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.618 against USD Thursday
BEIJING, July 5, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 415 basis points to
6.6180 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 100 661.80
Euro 100 771.72
Japanese yen 100 5.9910
Hong Kong dollar 100 84.371
British pound 100 875.55
Australian dollar 100 488.43
New Zealand dollar 100 447.41
Singapore dollar 100 484.89
Swiss franc 100 666.91
Canadian dollar 100 503.67
Malaysian ringgit 61.124 100
Ruble 956.54 100
Rand 206.75 100
Korean won 16,844 100
UAE dirham 55.499 100
Saudi riyal 56.669 100
Hungarian forint 4,214.86 100
Polish zloty 56.796 100
Danish krone 96.56 100
Swedish krona 132.68 100
Norwegian krone 122.56 100
Turkish lira 70.584 100
Mexican peso 293.65 100
Thai baht 500.74 100
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/1235