BEIJING, May 16 (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 100 695.06
Euro 100 755.93
Japanese yen 100 5.1116
Hong Kong dollar 100 88.691
British pound 100 870.66
Australian dollar 100 465.97
New Zealand dollar 100 434.17
Singapore dollar 100 520.22
Swiss franc 100 776.26
Canadian dollar 100 516.20
Malaysian ringgit 64.665 100
Ruble 1,146.97 100
Rand 273.59 100
Korean won 19,203 100
UAE dirham 52.83 100
Saudi riyal 53.949 100
Hungarian forint 4,883.59 100
Polish zloty 59.605 100
Danish krone 98.50 100
Swedish krona 148.84 100
Norwegian krone 152.39 100
Turkish lira 283.10 100
Mexican peso 251.00 100
Thai baht 485.79 100
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.