BEIJING, Jan. 7 (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 100 701.87
Euro 100 818.22
Japanese yen 100 4.4662
Hong Kong dollar 100 90.131
British pound 100 944.70
Australian dollar 100 471.10
New Zealand dollar 100 404.23
Singapore dollar 100 546.52
Swiss franc 100 879.53
Canadian dollar 100 506.37
Pataca 114.33 100
Malaysian ringgit 57.775 100
Ruble 1,153.87 100
Rand 233.79 100
Korean won 20,718 100
UAE dirham 52.512 100
Saudi riyal 53.614 100
Hungarian forint 4,703.11 100
Polish zloty 51.459 100
Danish krone 91.37 100
Swedish krona 131.49 100
Norwegian krone 143.67 100
Turkish lira 615.237 100
Mexican peso 256.87 100
Thai baht 446.11 100
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. ■
