ZCZC
BCN-26
CHINA-FREIGN-EXCHANGE-RATE
Chinese yuan strengthens to 6.4078 against USD Friday
BEIJING, June 1, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, strengthened 66 basis points to
6.4078 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 100 640.78
Euro 100 749.61
Japanese yen 100 5.8906
Hong Kong dollar 100 81.672
British pound 100 851.73
Australian dollar 100 484.82
New Zealand dollar 100 449.10
Singapore dollar 100 478.87
Swiss franc 100 650.71
Canadian dollar 100 495.11
Malaysian ringgit 62.116 100
Ruble 973.60 100
Rand 198.14 100
Korean won 16,819 100
UAE dirham 57.324 100
Saudi riyal 58.532 100
Hungarian forint 4,266.31 100
Polish zloty 57.597 100
Danish krone 99.310 100
Swedish krona 137.51 100
Norwegian krone 127.58 100
Turkish lira 70.703 100
Mexican peso 310.60 100
Thai baht 500.03 100
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/1230