BEIJING, March 24 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Monday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 717.80
Euro 100 780.04
Japanese yen 100 4.8247
Hong Kong dollar 100 92.347
British pound 100 930.85
Australian dollar 100 453.33
New Zealand dollar 100 414.77
Singapore dollar 100 539.35
Swiss franc 100 815.07
Canadian dollar 100 503.06
Pataca 111.60 100
Malaysian ringgit 61.367 100
Ruble 1,165.70 100
Rand 253.00 100
Korean won 20,283 100
UAE dirham 50.962 100
Saudi riyal 52.045 100
Hungarian forint 5,096.75 100
Polish zloty 53.773 100
Danish krone 95.68 100
Swedish krona 140.46 100
Norwegian krone 146.15 100
Turkish lira 526.935 100
Mexican peso 280.98 100
Thai baht 468.96 100
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. ■
