BEIJING, May 18 (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 100 684.35
Euro 100 792.95
Japanese yen 100 4.303
Hong Kong dollar 100 87.408
British pound 100 908.91
Australian dollar 100 487.21
New Zealand dollar 100 398.25
Singapore dollar 100 532.92
Swiss franc 100 867.72
Canadian dollar 100 496.08
Pataca 117.89 100
Malaysian ringgit 58.03 100
Ruble 1,070.08 100
Rand 244.72 100
Korean won 21,994 100
UAE dirham 53.824 100
Saudi riyal 54.995 100
Hungarian forint 4,553.52 100
Polish zloty 53.53 100
Danish krone 94.25 100
Swedish krona 138.38 100
Norwegian krone 136.55 100
Turkish lira 667.216 100
Mexican peso 253.84 100
Thai baht 479.80 100
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. ■
