BEIJING, July 7 (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 100 680.54
Euro 100 777.56
Japanese yen 100 4.1961
Hong Kong dollar 100 86.776
British pound 100 910.37
Australian dollar 100 472.65
New Zealand dollar 100 387.42
Singapore dollar 100 526.07
Swiss franc 100 844.30
Canadian dollar 100 478.14
Pataca 118.75 100
Malaysian ringgit 60.046 100
Ruble 1,134.37 100
Rand 238.34 100
Korean won 22,512 100
UAE dirham 54.073 100
Saudi riyal 55.29 100
Hungarian forint 4,548.96 100
Polish zloty 55.133 100
Danish krone 96.15 100
Swedish krona 141.65 100
Norwegian krone 144.07 100
Turkish lira 689.032 100
Mexican peso 255.65 100
Thai baht 490.26 100
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. ■
