BCN-33 Chinese yuan weakens to 6.8246 against USD Friday

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ZCZC

BCN-33

CHINA-FOREIGN-EXCHANGE-RATE

Chinese yuan weakens to 6.8246 against USD Friday

BEIJING, Aug. 31, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 133 basis points to 6.8246
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 100 682.46
Euro 100 796.46
Japanese yen 100 6.1524
Hong Kong dollar 100 86.949
British pound 100 888.54
Australian dollar 100 495.82
New Zealand dollar 100 454.24
Singapore dollar 100 499.52
Swiss franc 100 705.09
Canadian dollar 100 525.97
Malaysian ringgit 60.126 100
Ruble 997.53 100
Rand 215.34 100
Korean won 16,257 100
UAE dirham 53.791 100
Saudi riyal 54.927 100
Hungarian forint 4,103.56 100
Polish zloty 53.987 100
Danish krone 93.60 100
Swedish krona 133.56 100
Norwegian krone 122.24 100
Turkish lira 98.883 100
Mexican peso 279.83 100
Thai baht 479.45 100

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/1115