BEIJING, July 12 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 717.65
Euro 100 791.98
Japanese yen 100 5.1321
Hong Kong dollar 100 91.665
British pound 100 930.28
Australian dollar 100 481.41
New Zealand dollar 100 445.78
Singapore dollar 100 536.49
Swiss franc 100 818.34
Canadian dollar 100 543.72
Malaysian ringgit 64.737 100
Ruble 1,256.02 100
Rand 256.97 100
Korean won 17,964 100
UAE dirham 51.07 100
Saudi riyal 52.158 100
Hungarian forint 4,779.79 100
Polish zloty 56.052 100
Danish krone 94.09 100
Swedish krona 148.20 100
Norwegian krone 143.86 100
Turkish lira 363.018 100
Mexican peso 237.01 100
Thai baht 483.48 100
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 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.