ZCZC
BCN-12
CHINA-FOREIGN-EXCHANGE-RATE
Chinese yuan weakens to 6.4804 against USD Friday
BEIJING, June 22, 2018 (BSS/Xinhua) – The central parity rate of the Chinese
currency renminbi, or the yuan, weakened 98 basis points to 6.4804 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.
BSS/XINHUA/HR/1240