BEIJING, Feb. 22 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 687.59
Euro 100 732.29
Japanese yen 100 5.0975
Hong Kong dollar 100 87.67
British pound 100 832.89
Australian dollar 100 471.90
New Zealand dollar 100 427.68
Singapore dollar 100 513.08
Swiss franc 100 741.32
Canadian dollar 100 508.05
Malaysian ringgit 64.503 100
Ruble 1,087.24 100
Rand 265.51 100
Korean won 18,927 100
UAE dirham 53.416 100
Saudi riyal 54.559 100
Hungarian forint 5,227.30 100
Polish zloty 64.819 100
Danish krone 101.67 100
Swedish krona 150.86 100
Norwegian krone 149.82 100
Turkish lira 274.34 100
Mexican peso 268.17 100
Thai baht 503.82 100
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.