BEIJING, Dec. 18 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 705.83
Euro 100 827.59
Japanese yen 100 4.5299
Hong Kong dollar 100 90.736
British pound 100 942.51
Australian dollar 100 465.25
New Zealand dollar 100 406.45
Singapore dollar 100 545.97
Swiss franc 100 886.12
Canadian dollar 100 511.26
Pataca 113.57 100
Malaysian ringgit 58.001 100
Ruble 1,141.48 100
Rand 237.89 100
Korean won 20,942 100
UAE dirham 52.12 100
Saudi riyal 53.229 100
Hungarian forint 4,699.09 100
Polish zloty 50.895 100
Danish krone 90.30 100
Swedish krona 131.99 100
Norwegian krone 144.80 100
Turkish lira 606.32 100
Mexican peso 255.46 100
Thai baht 446.86 100
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 rate of the yuan against the Pataca is based on the central parity rate of the yuan against the Hong Kong dollar and the exchange rate of the Pataca against the Hong Kong 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. ■
