BEIJING, May 29 (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 100 705.75
Euro 100 756.79
Japanese yen 100 5.0133
Hong Kong dollar 100 90.089
British pound 100 871.35
Australian dollar 100 460.59
New Zealand dollar 100 427.16
Singapore dollar 100 521.77
Swiss franc 100 779.40
Canadian dollar 100 518.64
Malaysian ringgit 65.211 100
Ruble 1,124.39 100
Rand 278.43 100
Korean won 18,757 100
UAE dirham 52.033 100
Saudi riyal 53.143 100
Hungarian forint 4,902.30 100
Polish zloty 59.83 100
Danish krone 98.44 100
Swedish krona 153.08 100
Norwegian krone 156.99 100
Turkish lira 283.231 100
Mexican peso 249.64 100
Thai baht 492.68 100
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.