Chinese yuan weakens to 6.8759


The central parity rate of the Chinese currency renminbi, or the yuan, weakened 124 basis points to 6.8759 against the U.S. dollar Monday, 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, agency reports. 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.

Currency Unit Central parity rate in yuan U.S. dollar 100 687.59
Euro 100 771.35
Japanese yen 100 6.3803
Hong Kong dollar 100 88.131
British pound 100 860.37
Australian dollar 100 484.49
New Zealand dollar 100 465.09
Singapore dollar 100 505.52
Swiss franc 100 699.91
Canadian dollar 100 526.75
Malaysian ringgit 59.791 100
Ruble 915.78 100
Rand 202.45 100
Korean won 17,105 100
UAE dirham 53.405 100
Saudi riyal 54.534 100
Hungarian forint 4,215.04 100
Polish zloty 55.101 100
Danish krone 96.76 100
Swedish krona 136.49 100
Norwegian krone 124.68 100
Turkish lira 82.227 100
Mexican peso 276.61 100
Thai baht 448.52 100

The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Monday by the China Foreign Exchange Trade System:

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.