BEIJING, Nov. 16 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 703.63
Euro 100 727.93
Japanese yen 100 5.0606
Hong Kong dollar 100 89.921
British pound 100 834.62
Australian dollar 100 475.45
New Zealand dollar 100 432.95
Singapore dollar 100 513.15
Swiss franc 100 745.42
Canadian dollar 100 529.92
Malaysian ringgit 64.544 100
Ruble 862.10 100
Rand 245.96 100
Korean won 18,749 100
UAE dirham 52.227 100
Saudi riyal 53.437 100
Hungarian forint 5,669.85 100
Polish zloty 65.241 100
Danish krone 102.22 100
Swedish krona 149.01 100
Norwegian krone 142.20 100
Turkish lira 264.687 100
Mexican peso 275.46 100
Thai baht 505.68 100
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.