BEIJING, March 8 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Friday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 709.78
Euro 100 779.15
Japanese yen 100 4.8211
Hong Kong dollar 100 90.765
British pound 100 911.29
Australian dollar 100 471.35
New Zealand dollar 100 440.54
Singapore dollar 100 533.35
Swiss franc 100 810.52
Canadian dollar 100 529.13
Pataca 113.53 100
Malaysian ringgit 65.993 100
Ruble 1,268.99 100
Rand 262.93 100
Korean won 18,548 100
UAE dirham 51.673 100
Saudi riyal 52.77 100
Hungarian forint 5,087.46 100
Polish zloty 55.392 100
Danish krone 95.97 100
Swedish krona 143.62 100
Norwegian krone 146.30 100
Turkish lira 449.095 100
Mexican peso 237.93 100
Thai baht 498.82 100
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.