BEIJING, May 21 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Tuesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 710.69
Euro 100 775.03
Japanese yen 100 4.5754
Hong Kong dollar 100 91.153
British pound 100 907.05
Australian dollar 100 476.87
New Zealand dollar 100 437.43
Singapore dollar 100 529.16
Swiss franc 100 784.01
Canadian dollar 100 524.39
Pataca 113.06 100
Malaysian ringgit 65.99 100
Ruble 1,266.32 100
Rand 255.02 100
Korean won 18,952 100
UAE dirham 51.508 100
Saudi riyal 52.598 100
Hungarian forint 5,000.50 100
Polish zloty 55.117 100
Danish krone 96.60 100
Swedish krona 149.72 100
Norwegian krone 150.08 100
Turkish lira 451.516 100
Mexican peso 232.96 100
Thai baht 503.98 100
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.