ZCZC
BCN-10
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.7593 against USD Monday
BEIJING, July 23, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 78 basis points to
6.7593 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 100 675.93
Euro 100 793.26
Japanese yen 100 6.0813
Hong Kong dollar 100 86.114
British pound 100 888.38
Australian dollar 100 501.93
New Zealand dollar 100 460.47
Singapore dollar 100 496.59
Swiss franc 100 682.13
Canadian dollar 100 515.15
Malaysian ringgit 59.924 100
Ruble 937.26 100
Rand 198.36 100
Korean won 16,696 100
UAE dirham 54.331 100
Saudi riyal 55.475 100
Hungarian forint 4,101.34 100
Polish zloty 54.479 100
Danish krone 93.95 100
Swedish krona 130.96 100
Norwegian krone 120.79 100
Turkish lira 70.685 100
Mexican peso 281.50 100
Thai baht 492.89 100
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/0950