BEIJING, July 24 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 713.85
Euro 100 840.77
Japanese yen 100 4.8831
Hong Kong dollar 100 90.941
British pound 100 970.03
Australian dollar 100 471.52
New Zealand dollar 100 432.04
Singapore dollar 100 559.79
Swiss franc 100 901.83
Canadian dollar 100 525.08
Pataca 113.34 100
Malaysian ringgit 59.143 100
Ruble 1,096.56 100
Rand 245.20 100
Korean won 19,231 100
UAE dirham 51.419 100
Saudi riyal 52.528 100
Hungarian forint 4,737.83 100
Polish zloty 50.523 100
Danish krone 88.77 100
Swedish krona 133.10 100
Norwegian krone 141.43 100
Turkish lira 565.959 100
Mexican peso 259.55 100
Thai baht 449.88 100
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. ■
