BEIJING, March 23 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Monday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 690.41
Euro 100 796.76
Japanese yen 100 4.332
Hong Kong dollar 100 88.114
British pound 100 919.09
Australian dollar 100 483.26
New Zealand dollar 100 402.08
Singapore dollar 100 537.76
Swiss franc 100 875.34
Canadian dollar 100 502.75
Pataca 116.95 100
Malaysian ringgit 57.056 100
Ruble 1,206.50 100
Rand 247.60 100
Korean won 21,832 100
UAE dirham 53.286 100
Saudi riyal 54.469 100
Hungarian forint 4,930.29 100
Polish zloty 53.613 100
Danish krone 93.74 100
Swedish krona 135.50 100
Norwegian krone 138.86 100
Turkish lira 642.868 100
Mexican peso 260.15 100
Thai baht 477.74 100
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. ■
