BEIJING, Oct. 8 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Tuesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 707.09 Euro 100 776.43 Japanese yen 100 4.7774 Hong Kong dollar 100 91.042 British pound 100 925.74 Australian dollar 100 477.61 New Zealand dollar 100 433.57 Singapore dollar 100 542.30 Swiss franc 100 827.92 Canadian dollar 100 519.05 Pataca 113.21 100 Malaysian ringgit 60.578 100 Ruble 1,363.17 100 Rand 245.73 100 Korean won 19,034 100 UAE dirham 51.948 100 Saudi riyal 53.127 100 Hungarian forint 5,179.13 100 Polish zloty 55.709 100 Danish krone 96.11 100 Swedish krona 146.39 100 Norwegian krone 150.52 100 Turkish lira 484.495 100 Mexican peso 272.78 100 Thai baht 473.71 100
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.