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BEIJING, Aug. 31 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 14 major currencies announced on Wednesday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 669.08
Euro 100 746.02
Japanese yen 100 6.5035
Hong Kong dollar 100 86.250
British pound 100 875.78
Australian dollar 100 503.29
New Zealand dollar 100 484.25
Singapore dollar 100 490.61
Swiss franc 100 680.74
Canadian dollar 100 510.55
Malaysian ringgit 60.407 100
Ruble 974.70 100
Rand 216.47 100
Korean Won 16,733 100
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.)
