BEIJING, July 5 (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 100 719.68
Euro 100 785.01
Japanese yen 100 4.9944
Hong Kong dollar 100 91.909
British pound 100 917.37
Australian dollar 100 482.83
New Zealand dollar 100 447.09
Singapore dollar 100 534.70
Swiss franc 100 804.48
Canadian dollar 100 545.67
Malaysian ringgit 64.48 100
Ruble 1,243.12 100
Rand 258.42 100
Korean won 17,994 100
UAE dirham 50.899 100
Saudi riyal 51.974 100
Hungarian forint 4,775.55 100
Polish zloty 56.502 100
Danish krone 94.87 100
Swedish krona 150.07 100
Norwegian krone 147.58 100
Turkish lira 360.16 100
Mexican peso 236.32 100
Thai baht 483.40 100
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.