BEIJING, July 4 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 720.46
Euro 100 789.34
Japanese yen 100 5.0026
Hong Kong dollar 100 91.973
British pound 100 918.24
Australian dollar 100 483.10
New Zealand dollar 100 445.53
Singapore dollar 100 535.38
Swiss franc 100 807.25
Canadian dollar 100 546.37
Malaysian ringgit 64.521 100
Ruble 1,233.83 100
Rand 259.13 100
Korean won 18,025 100
UAE dirham 50.742 100
Saudi riyal 51.814 100
Hungarian forint 4,740.15 100
Polish zloty 56.144 100
Danish krone 94.28 100
Swedish krona 149.89 100
Norwegian krone 147.76 100
Turkish lira 357.722 100
Mexican peso 235.67 100
Thai baht 484.48 100
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.