BEIJING, May 24 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 705.60
Euro 100 760.02
Japanese yen 100 5.0928
Hong Kong dollar 100 90.06
British pound 100 876.29
Australian dollar 100 466.50
New Zealand dollar 100 441.03
Singapore dollar 100 523.88
Swiss franc 100 782.86
Canadian dollar 100 522.60
Malaysian ringgit 64.816 100
Ruble 1,136.10 100
Rand 272.10 100
Korean won 18,655 100
UAE dirham 52.044 100
Saudi riyal 53.148 100
Hungarian forint 4,939.11 100
Polish zloty 59.045 100
Danish krone 98.00 100
Swedish krona 150.54 100
Norwegian krone 155.23 100
Turkish lira 281.568 100
Mexican peso 254.67 100
Thai baht 490.13 100
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.