BEIJING, May 23 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 710.98
Euro 100 773.30
Japanese yen 100 4.5695
Hong Kong dollar 100 91.094
British pound 100 908.67
Australian dollar 100 473.96
New Zealand dollar 100 437.55
Singapore dollar 100 528.81
Swiss franc 100 780.56
Canadian dollar 100 522.47
Pataca 113.12 100
Malaysian ringgit 66.058 100
Ruble 1,257.28 100
Rand 256.56 100
Korean won 19,009 100
UAE dirham 51.46 100
Saudi riyal 52.545 100
Hungarian forint 5,026.95 100
Polish zloty 55.435 100
Danish krone 96.83 100
Swedish krona 150.26 100
Norwegian krone 150.02 100
Turkish lira 451.145 100
Mexican peso 234.31 100
Thai baht 507.94 100
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.