BEIJING, Dec. 24 (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 100 704.71
Euro 100 829.69
Japanese yen 100 4.5017
Hong Kong dollar 100 90.623
British pound 100 950.09
Australian dollar 100 471.08
New Zealand dollar 100 410.38
Singapore dollar 100 547.62
Swiss franc 100 893.12
Canadian dollar 100 513.64
Pataca 113.66 100
Malaysian ringgit 57.681 100
Ruble 1,111.83 100
Rand 237.15 100
Korean won 20,983 100
UAE dirham 52.241 100
Saudi riyal 53.35 100
Hungarian forint 4,707.37 100
Polish zloty 50.896 100
Danish krone 90.07 100
Swedish krona 130.34 100
Norwegian krone 142.67 100
Turkish lira 609.228 100
Mexican peso 254.43 100
Thai baht 442.68 100
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. ■
