BEIJING, Sept. 25 (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 100 702.02 Euro 100 785.24 Japanese yen 100 4.906 Hong Kong dollar 100 90.194 British pound 100 942.11 Australian dollar 100 484.19 New Zealand dollar 100 445.50 Singapore dollar 100 547.20 Swiss franc 100 833.56 Canadian dollar 100 522.82 Pataca 114.30 100 Malaysian ringgit 59.017 100 Ruble 1,323.30 100 Rand 245.96 100 Korean won 18,911 100 UAE dirham 52.324 100 Saudi riyal 53.447 100 Hungarian forint 5,024.67 100 Polish zloty 54.187 100 Danish krone 94.99 100 Swedish krona 143.76 100 Norwegian krone 148.14 100 Turkish lira 485.997 100 Mexican peso 275.35 100 Thai baht 464.74 100
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.