BEIJING, May 11 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 672.90
Euro 100 708.87
Japanese yen 100 5.1634
Hong Kong dollar 100 85.722
British pound 100 828.62
Australian dollar 100 466.90
New Zealand dollar 100 423.41
Singapore dollar 100 483.79
Swiss franc 100 675.93
Canadian dollar 100 516.49
Malaysian ringgit 65.126 100
Ruble 1,035.50 100
Rand 239.67 100
Korean won 18,966 100
UAE dirham 54.573 100
Saudi riyal 55.732 100
Hungarian forint 5,357.11 100
Polish zloty 66.003 100
Danish krone 104.91 100
Swedish krona 149.60 100
Norwegian krone 144.51 100
Turkish lira 227.685 100
Mexican peso 302.75 100
Thai baht 514.55 100
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 rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar 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 other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.