BEIJING, Oct. 21 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 671.92
Euro 100 751.97
Japanese yen 100 4.2354
Hong Kong dollar 100 85.619
British pound 100 895.62
Australian dollar 100 469.36
New Zealand dollar 100 380.07
Singapore dollar 100 524.31
Swiss franc 100 811.67
Canadian dollar 100 475.96
Pataca 120.36 100
Malaysian ringgit 60.875 100
Ruble 1,235.99 100
Rand 244.62 100
Korean won 19,823 100
UAE dirham 54.863 100
Saudi riyal 56.031 100
Hungarian forint 4,837.68 100
Polish zloty 58.006 100
Danish krone 99.40 100
Swedish krona 147.99 100
Norwegian krone 140.57 100
Turkish lira 740.254 100
Mexican peso 274.65 100
Thai baht 502.67 100
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. ■
