ZCZC
BCN-08
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.6393 against USD Monday
BEIJING, July 9, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 57 basis points to 6.6393
against the U.S. dollar Monday, 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 Monday by the
China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 663.93
Euro 100 779.86
Japanese yen 100 6.0111
Hong Kong dollar 100 84.591
British pound 100 882.48
Australian dollar 100 493.42
New Zealand dollar 100 453.56
Singapore dollar 100 489.22
Swiss franc 100 670.98
Canadian dollar 100 506.97
Malaysian ringgit 60.828 100
Ruble 949.43 100
Rand 202.83 100
Korean won 16,787 100
UAE dirham 55.316 100
Saudi riyal 56.483 100
Hungarian forint 4,144.81 100
Polish zloty 55.811 100
Danish krone 95.55 100
Swedish krona 131.41 100
Norwegian krone 120.91 100
Turkish lira 68.967 100
Mexican peso 287.24 100
Thai baht 499.19 100
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/AFP/HR/1045