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China Yuan Official Central Parity Rates For Friday

The China Foreign Exchange Trade System published the following official central parity rates for major currencies against the yuan Friday: 

 
                        Friday      Thursday 
USD/CNY                 6.8436      6.8410 
HKD/CNY                 0.87661     0.87615 
JPY/CNY (per 100 yen)   6.4106      6.3167 
EUR/CNY                 9.7692      9.9242 
GBP/CNY                12.0413     12.1407


The daily central parity rate for the yuan versus the U.S. dollar is the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation.

In each daily trading session, the central bank allows the dollar-yuan rate to move no more than 0.5% above or below the central parity rate. Other currency pairs are allowed to move as much as 3% above or below the central parity rate.

Source: www.chinamoney.com.cn

-By China Bureau, Dow Jones Newswires; 8621 6120-1200; djnews.shanghai®dowjones.com

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=kXPiw57%2F7E9zVOtnhl1Y5g%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

September 04, 2008 21:32 ET (01:32 GMT)


Copyright 2008 Dow Jones & Company, Inc.

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