BEIJING, March 31 (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 100 691.94
Euro 100 793.02
Japanese yen 100 4.3296
Hong Kong dollar 100 88.295
British pound 100 911.69
Australian dollar 100 473.82
New Zealand dollar 100 395.58
Singapore dollar 100 535.75
Swiss franc 100 865.24
Canadian dollar 100 496.84
Pataca 116.72 100
Malaysian ringgit 58.287 100
Ruble 1,175.03 100
Rand 248.58 100
Korean won 21,994 100
UAE dirham 53.077 100
Saudi riyal 54.227 100
Hungarian forint 4,898.75 100
Polish zloty 54.115 100
Danish krone 94.23 100
Swedish krona 138.07 100
Norwegian krone 140.71 100
Turkish lira 642.689 100
Mexican peso 262.17 100
Thai baht 474.62 100
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. ■
