BEIJING, May 17 (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 100 697.48
Euro 100 757.78
Japanese yen 100 5.1133
Hong Kong dollar 100 88.985
British pound 100 870.69
Australian dollar 100 464.18
New Zealand dollar 100 434.60
Singapore dollar 100 520.36
Swiss franc 100 778.13
Canadian dollar 100 517.49
Malaysian ringgit 64.592 100
Ruble 1,154.01 100
Rand 273.59 100
Korean won 19,217 100
UAE dirham 52.653 100
Saudi riyal 53.771 100
Hungarian forint 4,862.83 100
Polish zloty 59.26 100
Danish krone 98.25 100
Swedish krona 149.19 100
Norwegian krone 153.69 100
Turkish lira 282.938 100
Mexican peso 250.83 100
Thai baht 488.64 100
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.