BCN-37 Chinese yuan weakens to 6.8266 against USD Wednesday

ZCZC

BCN-37

CHINA-FOREIGN-EXCHANGE-RATE

Chinese yuan weakens to 6.8266 against USD Wednesday

BEIJING, Sept. 5, 2018 (BSS/Xinhua) – The central parity rate of the
Chinese currency renminbi, or the yuan, weakened 83 basis points to 6.8266
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 Wednesday by
the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan
U.S. dollar 100 682.66
Euro 100 790.96
Japanese yen 100 6.1268
Hong Kong dollar 100 86.974
British pound 100 877.93
Australian dollar 100 490.46
New Zealand dollar 100 447.10
Singapore dollar 100 496.44
Swiss franc 100 701.07
Canadian dollar 100 518.22
Malaysian ringgit 60.608 100
Ruble 996.41 100
Rand 224.56 100
Korean won 16,337 100
UAE dirham 53.787 100
Saudi riyal 54.930 100
Hungarian forint 4,141.35 100
Polish zloty 54.485 100
Danish krone 94.24 100
Swedish krona 133.02 100
Norwegian krone 122.92 100
Turkish lira 97.732 100
Mexican peso 284.00 100
Thai baht 480.07 100

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/1330