BEIJING, July 7 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 720.54
Euro 100 788.69
Japanese yen 100 5.0303
Hong Kong dollar 100 92.095
British pound 100 922.66
Australian dollar 100 480.20
New Zealand dollar 100 446.46
Singapore dollar 100 535.39
Swiss franc 100 808.79
Canadian dollar 100 542.00
Malaysian ringgit 64.40 100
Ruble 1,257.31 100
Rand 263.65 100
Korean won 18,039 100
UAE dirham 50.701 100
Saudi riyal 51.787 100
Hungarian forint 4,888.13 100
Polish zloty 56.823 100
Danish krone 94.41 100
Swedish krona 150.95 100
Norwegian krone 148.53 100
Turkish lira 361.13 100
Mexican peso 237.85 100
Thai baht 485.67 100
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.