BEIJING, May 19 (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 100 683.75
Euro 100 794.37
Japanese yen 100 4.2979
Hong Kong dollar 100 87.318
British pound 100 915.62
Australian dollar 100 488.64
New Zealand dollar 100 400.21
Singapore dollar 100 533.32
Swiss franc 100 869.4
Canadian dollar 100 495.9
Pataca 118.02 100
Malaysian ringgit 58.231 100
Ruble 1,066.88 100
Rand 243.02 100
Korean won 21,948 100
UAE dirham 53.912 100
Saudi riyal 55.085 100
Hungarian forint 4,530.39 100
Polish zloty 53.317 100
Danish krone 94.06 100
Swedish krona 137.64 100
Norwegian krone 135.92 100
Turkish lira 668.47 100
Mexican peso 252.97 100
Thai baht 478.16 100
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. ■
