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BEIJING, Aug. 18 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 14 major currencies announced on Thursday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 662.73
Euro 100 748.29
Japanese yen 100 6.6401
Hong Kong dollar 100 85.465
British pound 100 864.57
Australian dollar 100 507.60
New Zealand dollar 100 481.01
Singapore dollar 100 494.17
Swiss franc 100 689.38
Canadian dollar 100 515.86
Malaysian ringgit 60.202 100
Ruble 972.960 100
Rand 201.74 100
Korean Won 16,697 100
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 rates of the yuan against the Hong Kong dollar and the 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, rubble, rand and Korean won are based on the average prices offered by market makers before the opening of the interbank foreign exchange market. (This article is generated by Xinhua News Robot.)
