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BEIJING, August 23 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 14 major currencies announced on Tuesday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 665.86
Euro 100 753.79
Japanese yen 100 6.6404
Hong Kong dollar 100 85.878
British pound 100 874.75
Australian dollar 100 508.25
New Zealand dollar 100 485.20
Singapore dollar 100 492.92
Swiss franc 100 692.02
Canadian dollar 100 514.99
Malaysian ringgit 60.264 100
Ruble 973.41 100
Rand 203.83 100
Korean Won 16,843 100
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.)
