BEIJING, Feb. 24 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Tuesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 694.14
Euro 100 817.30
Japanese yen 100 4.4846
Hong Kong dollar 100 88.773
British pound 100 935.19
Australian dollar 100 489.02
New Zealand dollar 100 412.71
Singapore dollar 100 547.15
Swiss franc 100 895.02
Canadian dollar 100 506.01
Pataca 116.08 100
Malaysian ringgit 56.139 100
Ruble 1,112.62 100
Rand 230.87 100
Korean won 20,875 100
UAE dirham 52.989 100
Saudi riyal 54.123 100
Hungarian forint 4,637.76 100
Polish zloty 51.605 100
Danish krone 91.43 100
Swedish krona 130.82 100
Norwegian krone 138.10 100
Turkish lira 632.406 100
Mexican peso 248.93 100
Thai baht 447.51 100
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. ■
