ZCZC
BCN-23
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.6234 against USD Wednesday
BEIJING, July 11, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 25 basis points to
6.6234 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 100 662.34
Euro 100 776.87
Japanese yen 100 5.9733
Hong Kong dollar 100 84.390
British pound 100 878.21
Australian dollar 100 491.45
New Zealand dollar 100 451.46
Singapore dollar 100 487.38
Swiss franc 100 667.27
Canadian dollar 100 503.94
Malaysian ringgit 60.757 100
Ruble 932.42 100
Rand 201.62 100
Korean won 16,836 100
UAE dirham 55.457 100
Saudi riyal 56.624 100
Hungarian forint 4,168.37 100
Polish zloty 55.587 100
Danish krone 95.96 100
Swedish krona 132.14 100
Norwegian krone 121.27 100
Turkish lira 71.138 100
Mexican peso 286.79 100
Thai baht 501.36 100
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/1425