BEIJING, Oct. 20 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 711.88
Euro 100 699.49
Japanese yen 100 4.7794
Hong Kong dollar 100 90.688
British pound 100 804.24
Australian dollar 100 448.91
New Zealand dollar 100 406.39
Singapore dollar 100 503.36
Swiss franc 100 713.69
Canadian dollar 100 520.74
Malaysian ringgit 65.908 100
Ruble 855.43 100
Rand 255.73 100
Korean won 19,914 100
UAE dirham 51.295 100
Saudi riyal 52.477 100
Hungarian forint 5,929.59 100
Polish zloty 68.867 100
Danish krone 106.64 100
Swedish krona 156.82 100
Norwegian krone 148.64 100
Turkish lira 259.504 100
Mexican peso 281.72 100
Thai baht 533.38 100
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.