BEIJING, July 17 (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 100 713.18 Euro 100 780.89 Japanese yen 100 4.5384 Hong Kong dollar 100 91.358 British pound 100 929.32 Australian dollar 100 482.90 New Zealand dollar 100 435.77 Singapore dollar 100 532.27 Swiss franc 100 800.45 Canadian dollar 100 524.53 Pataca 112.83 100 Malaysian ringgit 65.559 100 Ruble 1,229.49 100 Rand 252.44 100 Korean won 19,217 100 UAE dirham 51.318 100 Saudi riyal 52.409 100 Hungarian forint 5,041.99 100 Polish zloty 55.073 100 Danish krone 95.83 100 Swedish krona 147.85 100 Norwegian krone 150.64 100 Turkish lira 461.557 100 Mexican peso 247.84 100 Thai baht 500.89 100 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.