ZCZC
BCN-24
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.9163 against USD Thursday
BEIJING, Nov. 8, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 98 basis points to 6.9163
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 Monday by the
China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 691.63
Euro 100 790.46
Japanese yen 100 6.0891
Hong Kong dollar 100 88.334
British pound 100 908.12
Australian dollar 100 502.99
New Zealand dollar 100 469.05
Singapore dollar 100 504.30
Swiss franc 100 690.24
Canadian dollar 100 527.30
Malaysian ringgit 60.167 100
Ruble 957.42 100
Rand 201.06 100
Korean won 16,169 100
UAE dirham 53.111 100
Saudi riyal 54.240 100
Hungarian forint 4,064.97 100
Polish zloty 54.238 100
Danish krone 94.37 100
Swedish krona 130.42 100
Norwegian krone 120.65 100
Turkish lira 77.574 100
Mexican peso 287.27 100
Thai baht 474.58 100
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 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/1245