BEIJING, May 8 (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 100 710.16
Euro 100 766.59
Japanese yen 100 4.6145
Hong Kong dollar 100 90.788
British pound 100 891.62
Australian dollar 100 470.64
New Zealand dollar 100 429.04
Singapore dollar 100 525.82
Swiss franc 100 784.94
Canadian dollar 100 519.83
Pataca 113.51 100
Malaysian ringgit 66.729 100
Ruble 1,277.18 100
Rand 259.93 100
Korean won 19,010 100
UAE dirham 51.537 100
Saudi riyal 52.625 100
Hungarian forint 5,092.88 100
Polish zloty 56.457 100
Danish krone 97.59 100
Swedish krona 152.29 100
Norwegian krone 153.22 100
Turkish lira 452.537 100
Mexican peso 238.11 100
Thai baht 516.16 100
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.