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BEIJING, Oct. 19 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 11 major currencies announced on Monday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 635.27
Euro 100 722.01
Japanese yen 100 5.3203
Hong Kong dollar 100 81.97
British pound 100 980.44
Australian dollar 100 460.47
New Zealand dollar 100 431.31
Singapore dollar 100 459.94
Canadian dollar 100 491.43
Malaysian ringgit 65.649 100
Ruble 967.29 100
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.
