BEIJING, May 16 (Xinhua) -- 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:
Currency Unit Central parity rate in yuan
U.S. dollar 100 678.71
Euro 100 706.03
Japanese yen 100 5.2444
Hong Kong dollar 100 86.461
British pound 100 831.79
Australian dollar 100 471.37
New Zealand dollar 100 426.37
Singapore dollar 100 487.21
Swiss franc 100 676.79
Canadian dollar 100 525.74
Malaysian ringgit 64.757 100
Ruble 951.59 100
Rand 238.16 100
Korean won 18,845 100
UAE dirham 54.109 100
Saudi riyal 55.259 100
Hungarian forint 5,458.96 100
Polish zloty 66.26 100
Danish krone 105.37 100
Swedish krona 148.39 100
Norwegian krone 144.04 100
Turkish lira 228.093 100
Mexican peso 296.03 100
Thai baht 511.77 100
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. ■