ZCZC
BCN-36
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.4586 against USD Wednesday
BEIJING, June 20, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 351 basis points to 6.4586
against the U.S. dollar Wednesday, 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 Tuesday by
the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 642.35
Euro 100 746.68
Japanese yen 100 5.8203
Hong Kong dollar 100 81.835
British pound 100 850.84
Australian dollar 100 476.04
New Zealand dollar 100 444.97
Singapore dollar 100 475.27
Swiss franc 100 645.54
Canadian dollar 100 486.39
Malaysian ringgit 62.238 100
Ruble 984.84 100
Rand 212.40 100
Korean won 17,191 100
UAE dirham 57.197 100
Saudi riyal 58.401 100
Hungarian forint 4,336.88 100
Polish zloty 57.637 100
Danish krone 99.79 100
Swedish krona 137.29 100
Norwegian krone 126.52 100
Turkish lira 73.261 100
Mexican peso 319.86 100
Thai baht 508.21 100
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/1325