BEIJING, Aug. 19 (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 100 714.15 Euro 100 787.48 Japanese yen 100 4.8279 Hong Kong dollar 100 91.624 British pound 100 924.17 Australian dollar 100 476.56 New Zealand dollar 100 432.41 Singapore dollar 100 542.94 Swiss franc 100 822.85 Canadian dollar 100 522.01 Pataca 112.47 100 Malaysian ringgit 61.705 100 Ruble 1,252.40 100 Rand 250.06 100 Korean won 18,875 100 UAE dirham 51.448 100 Saudi riyal 52.551 100 Hungarian forint 5,013.85 100 Polish zloty 54.173 100 Danish krone 94.83 100 Swedish krona 146.13 100 Norwegian krone 149.61 100 Turkish lira 471.618 100 Mexican peso 260.82 100 Thai baht 484.31 100 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.