BEIJING, Oct. 24 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 712.86 Euro 100 768.68 Japanese yen 100 4.67 Hong Kong dollar 100 91.755 British pound 100 920.53 Australian dollar 100 472.82 New Zealand dollar 100 427.90 Singapore dollar 100 538.80 Swiss franc 100 822.77 Canadian dollar 100 515.14 Pataca 112.34 100 Malaysian ringgit 61.058 100 Ruble 1,347.27 100 Rand 249.59 100 Korean won 19,378 100 UAE dirham 51.524 100 Saudi riyal 52.68 100 Hungarian forint 5,244.09 100 Polish zloty 56.551 100 Danish krone 97.04 100 Swedish krona 148.56 100 Norwegian krone 154.11 100 Turkish lira 480.783 100 Mexican peso 278.33 100 Thai baht 474.13 100
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.