BEIJING, March 16 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Monday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 690.57
Euro 100 789.60
Japanese yen 100 4.3276
Hong Kong dollar 100 88.217
British pound 100 914.49
Australian dollar 100 483.37
New Zealand dollar 100 400.02
Singapore dollar 100 538.26
Swiss franc 100 873.74
Canadian dollar 100 503.56
Pataca 116.81 100
Malaysian ringgit 57.017 100
Ruble 1,160.84 100
Rand 244.61 100
Korean won 21,677 100
UAE dirham 53.197 100
Saudi riyal 54.352 100
Hungarian forint 4,976.24 100
Polish zloty 54.127 100
Danish krone 94.66 100
Swedish krona 136.88 100
Norwegian krone 141.52 100
Turkish lira 640.071 100
Mexican peso 258.92 100
Thai baht 469.98 100
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. ■
