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BEIJING, July 12 (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 100 669.50
Euro 100 740.28
Japanese yen 100 6.5318
Hong Kong dollar 100 86.295
British pound 100 869.77
Australian dollar 100 504.83
New Zealand dollar 100 484.24
Singapore dollar 100 495.76
Swiss franc 100 681.44
Canadian dollar 100 510.25
Malaysian ringgit 59.441 100
Ruble 957.090 100
Rand 215.63 100
Korean Won 17,156 100
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 , ruble 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.)
