BEIJING, March 18 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 689.09
Euro 100 794.25
Japanese yen 100 4.3316
Hong Kong dollar 100 87.918
British pound 100 919.43
Australian dollar 100 489.18
New Zealand dollar 100 403.13
Singapore dollar 100 539.43
Swiss franc 100 877.07
Canadian dollar 100 502.66
Pataca 117.21 100
Malaysian ringgit 56.849 100
Ruble 1,196.31 100
Rand 242.34 100
Korean won 21,599 100
UAE dirham 53.354 100
Saudi riyal 54.54 100
Hungarian forint 4,890.10 100
Polish zloty 53.612 100
Danish krone 94.08 100
Swedish krona 134.79 100
Norwegian krone 139.27 100
Turkish lira 642.098 100
Mexican peso 256.44 100
Thai baht 469.77 100
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 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. ■
