BEIJING, Oct. 22 (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 100 709.54
Euro 100 824.50
Japanese yen 100 4.6816
Hong Kong dollar 100 91.303
British pound 100 950.46
Australian dollar 100 461.63
New Zealand dollar 100 408.56
Singapore dollar 100 547.48
Swiss franc 100 892.49
Canadian dollar 100 507.21
Pataca 112.87 100
Malaysian ringgit 59.484 100
Ruble 1,142.78 100
Rand 244.77 100
Korean won 20,113 100
UAE dirham 51.659 100
Saudi riyal 52.751 100
Hungarian forint 4,720.03 100
Polish zloty 51.403 100
Danish krone 90.57 100
Swedish krona 132.58 100
Norwegian krone 141.49 100
Turkish lira 590.415 100
Mexican peso 259.54 100
Thai baht 461.44 100
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. ■
