BEIJING, March 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 100 689.43
Euro 100 799.41
Japanese yen 100 4.3476
Hong Kong dollar 100 88.015
British pound 100 924.71
Australian dollar 100 482.55
New Zealand dollar 100 403.01
Singapore dollar 100 540.36
Swiss franc 100 875.78
Canadian dollar 100 501.83
Pataca 117.08 100
Malaysian ringgit 57.047 100
Ruble 1,189.49 100
Rand 244.39 100
Korean won 21,658 100
UAE dirham 53.325 100
Saudi riyal 54.501 100
Hungarian forint 4,850.87 100
Polish zloty 53.268 100
Danish krone 93.44 100
Swedish krona 135.48 100
Norwegian krone 141.38 100
Turkish lira 643.722 100
Mexican peso 258.22 100
Thai baht 471.03 100
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. ■
