ZCZC
BCN-33
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.8395 against USD Friday
BEIJING, Aug. 10, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 78 basis points to 6.8395
against the U.S. dollar Friday, 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 Friday by the
China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 683.95
Euro 100 788.26
Japanese yen 100 6.1595
Hong Kong dollar 100 87.131
British pound 100 877.30
Australian dollar 100 504.22
New Zealand dollar 100 451.79
Singapore dollar 100 499.99
Swiss franc 100 688.10
Canadian dollar 100 524.40
Malaysian ringgit 59.551 100
Ruble 974.76 100
Rand 200.17 100
Korean won 16,418 100
UAE dirham 53.689 100
Saudi riyal 54.823 100
Hungarian forint 4,067.53 100
Polish zloty 54.275 100
Danish krone 94.58 100
Swedish krona 131.73 100
Norwegian krone 121.62 100
Turkish lira 81.154 100
Mexican peso 273.49 100
Thai baht 485.84 100
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/1410