BEIJING, Oct. 16 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the 西瓜视频Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 709.68
Euro 100 827.55
Japanese yen 100 4.7077
Hong Kong dollar 100 91.295
British pound 100 952.10
Australian dollar 100 462.15
New Zealand dollar 100 406.44
Singapore dollar 100 548.54
Swiss franc 100 891.63
Canadian dollar 100 505.81
Pataca 112.88 100
Malaysian ringgit 59.517 100
Ruble 1,104.13 100
Rand 244.30 100
Korean won 19,970 100
UAE dirham 51.694 100
Saudi riyal 52.789 100
Hungarian forint 4,718.30 100
Polish zloty 51.38 100
Danish krone 90.26 100
Swedish krona 133.30 100
Norwegian krone 142.06 100
Turkish lira 588.715 100
Mexican peso 259.95 100
Thai baht 456.99 100
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 rate of the yuan against the Pataca is based on the central parity rate of the yuan against the Hong Kong dollar and the exchange rate of the Pataca against the Hong Kong 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. ■