ZCZC
BCN-16
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 7.0852 against USD Thursday
BEIJING, Sept. 5, 2019 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 26 pips to 7.0852
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 Thursday by
the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 708.52
Euro 100 782.90
Japanese yen 100 6.6725
Hong Kong dollar 100 90.381
British pound 100 869.73
Australian dollar 100 482.70
New Zealand dollar 100 451.47
Singapore dollar 100 513.19
Swiss franc 100 724.20
Canadian dollar 100 537.02
Malaysian ringgit 59.09 100
Ruble 929.70 100
Rand 208.47 100
Korean won 16,932 100
UAE dirham 51.719 100
Saudi riyal 52.82 100
Hungarian forint 4,204.31 100
Polish zloty 55.428 100
Danish krone 95.21 100
Swedish krona 137.08 100
Norwegian krone 127.18 100
Turkish lira 79.907 100
Mexican peso 277.50 100
Thai baht 430.28 100
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/1100