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BEIJING, Oct. 16 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 11 major currencies announced on Friday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 634.36
Euro 100 721.7
Japanese yen 100 5.3389
Hong Kong dollar 100 81.852
British pound 100 981.72
Australian dollar 100 464.66
New Zealand dollar 100 434.10
Singapore dollar 100 459.67
Canadian dollar 100 492.97
Malaysian ringgit 64.855 100
Ruble 964.18 100
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 market each business day and also refers to the closing rate on the previous day, in conjunction with supply and demand condition and movement of major currencies.
The central parity rates of the yuan against the Hong Kong dollar and Canadian dollar are based on the central parity rate of the yuan against the U.S. dollar and the exchange rates of the four currencies 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 euro, British pound, Japanese yen, Australian dollar, Singapore dollar, New Zealand dollar, Malaysian ringgit and ruble are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.
