BEIJING, March 20 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Friday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 688.98
Euro 100 796.75
Japanese yen 100 4.357
Hong Kong dollar 100 87.915
British pound 100 923.95
Australian dollar 100 487.29
New Zealand dollar 100 403.82
Singapore dollar 100 538.69
Swiss franc 100 872.43
Canadian dollar 100 501.05
Pataca 117.23 100
Malaysian ringgit 57.199 100
Ruble 1,251.12 100
Rand 243.20 100
Korean won 21,658 100
UAE dirham 53.374 100
Saudi riyal 54.553 100
Hungarian forint 4,901.70 100
Polish zloty 53.566 100
Danish krone 93.78 100
Swedish krona 135.09 100
Norwegian krone 138.06 100
Turkish lira 643.874 100
Mexican peso 257.88 100
Thai baht 472.55 100
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. ■
