BEIJING, May 19 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced Friday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 703.56
Euro 100 758.29
Japanese yen 100 5.079
Hong Kong dollar 100 89.961
British pound 100 873.49
Australian dollar 100 466.45
New Zealand dollar 100 438.93
Singapore dollar 100 522.13
Swiss franc 100 777.81
Canadian dollar 100 521.27
Malaysian ringgit 64.518 100
Ruble 1,142.08 100
Rand 274.76 100
Korean won 18,952 100
UAE dirham 52.17 100
Saudi riyal 53.284 100
Hungarian forint 4,946.56 100
Polish zloty 59.976 100
Danish krone 98.19 100
Swedish krona 150.08 100
Norwegian krone 155.06 100
Turkish lira 281.479 100
Mexican peso 251.61 100
Thai baht 488.93 100
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.