BEIJING, May 22 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Monday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 701.57
Euro 100 759.11
Japanese yen 100 5.0942
Hong Kong dollar 100 89.706
British pound 100 873.92
Australian dollar 100 466.79
New Zealand dollar 100 440.34
Singapore dollar 100 521.72
Swiss franc 100 780.94
Canadian dollar 100 519.85
Malaysian ringgit 64.648 100
Ruble 1,145.43 100
Rand 276.84 100
Korean won 18,878 100
UAE dirham 52.335 100
Saudi riyal 53.45 100
Hungarian forint 4,948.48 100
Polish zloty 59.86 100
Danish krone 98.13 100
Swedish krona 149.83 100
Norwegian krone 155.03 100
Turkish lira 282.48 100
Mexican peso 253.16 100
Thai baht 488.76 100
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.