BEIJING, July 19 (Xinhua) — 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 100 714.86
Euro 100 805.58
Japanese yen 100 5.1625
Hong Kong dollar 100 91.49
British pound 100 935.17
Australian dollar 100 489.14
New Zealand dollar 100 452.02
Singapore dollar 100 542.49
Swiss franc 100 836.59
Canadian dollar 100 545.23
Malaysian ringgit 63.289 100
Ruble 1,261.89 100
Rand 248.89 100
Korean won 17,590 100
UAE dirham 51.178 100
Saudi riyal 52.273 100
Hungarian forint 4,636.15 100
Polish zloty 55.211 100
Danish krone 92.45 100
Swedish krona 142.23 100
Norwegian krone 140.02 100
Turkish lira 375.52 100
Mexican peso 233.40 100
Thai baht 474.62 100
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.
Chinese yuan weakens to 7.1486 against USD Wednesday
BEIJING, July 19 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 33 pips to 7.1486 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.