China Announces Central Parity Rates for Yuan Against 25 Major Currencies

China's central bank announced the following exchange rates for the yuan (RMB) against 25 major currencies on June 17: U.S. dollar (100 RMB = 717.46), euro (100 RMB = 829.32), Japanese yen (100 RMB = 4.9612), and Hong Kong dollar (100 RMB = 91.402). The central parity rate of the yuan against the U.S. dollar is based on a weighted average of market prices.

China's central bank announced significant updates to the exchange rates for the yuan (RMB) against 25 major currencies on June 17, 2025. The new rates reflect the latest market conditions and provide a snapshot of the yuan's value relative to other global currencies.

The central parity rate for the yuan against the U.S. dollar (USD) was set at 100 RMB = 717.46, representing a slight depreciation from the previous rate. This rate is based on a weighted average of market prices and reflects the ongoing adjustments to the yuan's value in response to global economic conditions [1].

The euro (EUR) saw a similar depreciation, with the exchange rate set at 100 RMB = 829.32, down from the previous rate. This adjustment indicates a continued trend of the euro's relative weakness against the yuan [1].

The Japanese yen (JPY) also experienced a slight depreciation, with the exchange rate set at 100 RMB = 4.9612. This rate reflects the yen's ongoing depreciation against the yuan, which has been influenced by various economic factors, including Japan's monetary policy and the global trade environment [1].

One notable update was the exchange rate for the Hong Kong dollar (HKD), which was set at 100 RMB = 91.402. This rate reflects the recent fluctuations in the HKD's value, influenced by various economic and geopolitical factors, including the Hong Kong Monetary Authority's (HKMA) regulatory changes for stablecoins [2].

The central bank's announcements come at a time of heightened global economic uncertainty, with key central banks preparing for their policy meetings. The Federal Reserve, in particular, is expected to hold its meeting on June 18, with significant attention focused on its rate decision and economic projections [3].

These updates to the yuan's exchange rates highlight the central bank's ongoing efforts to manage the currency's value in response to global economic conditions. As the global economic landscape continues to evolve, investors and financial professionals should closely monitor these adjustments and their potential impacts on the broader financial markets.

References:
[1] https://www.tradingview.com/news/forexlive:1243dbe64094b:0-central-bank-meetings-will-dominate-the-economic-calendar-next-week/
[2] https://www.cryptonewsz.com/hong-kong-speeds-up-stablecoin-crypto-market/
[3] https://ycharts.com/indicators/us_dollar_to_hong_kong_dollar_exchange_rate