BEIJING, May 31 (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 100 708.21
Euro 100 760.16
Japanese yen 100 5.0652
Hong Kong dollar 100 90.372
British pound 100 878.99
Australian dollar 100 461.61
New Zealand dollar 100 428.11
Singapore dollar 100 524.44
Swiss franc 100 781.63
Canadian dollar 100 520.73
Malaysian ringgit 64.981 100
Ruble 1,102.47 100
Rand 277.90 100
Korean won 18,642 100
UAE dirham 51.853 100
Saudi riyal 52.945 100
Hungarian forint 4,868.43 100
Polish zloty 59.665 100
Danish krone 97.95 100
Swedish krona 153.38 100
Norwegian krone 157.88 100
Turkish lira 291.938 100
Mexican peso 249.40 100
Thai baht 489.94 100
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 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.