BEIJING, May 9 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 692.55
Euro 100 761.35
Japanese yen 100 5.126
Hong Kong dollar 100 88.234
British pound 100 873.28
Australian dollar 100 469.55
New Zealand dollar 100 439.14
Singapore dollar 100 522.50
Swiss franc 100 777.93
Canadian dollar 100 517.85
Malaysian ringgit 64.075 100
Ruble 1,122.70 100
Rand 264.51 100
Korean won 19,113 100
UAE dirham 53.027 100
Saudi riyal 54.155 100
Hungarian forint 4,889.58 100
Polish zloty 59.901 100
Danish krone 97.80 100
Swedish krona 146.88 100
Norwegian krone 151.69 100
Turkish lira 281.684 100
Mexican peso 256.89 100
Thai baht 488.48 100
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.