BEIJING, May 29 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 711.06
Euro 100 775.08
Japanese yen 100 4.5519
Hong Kong dollar 100 91.025
British pound 100 911.16
Australian dollar 100 475.58
New Zealand dollar 100 440.15
Singapore dollar 100 529.07
Swiss franc 100 782.83
Canadian dollar 100 523.88
Pataca 113.21 100
Malaysian ringgit 66.056 100
Ruble 1,234.99 100
Rand 256.50 100
Korean won 18,970 100
UAE dirham 51.473 100
Saudi riyal 52.56 100
Hungarian forint 4,986.66 100
Polish zloty 55.153 100
Danish krone 96.64 100
Swedish krona 148.08 100
Norwegian krone 147.44 100
Turkish lira 451.568 100
Mexican peso 236.23 100
Thai baht 510.60 100
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.