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BEIJING, July 18 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 14 major currencies announced on Monday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 669.61
Euro 100 740.04
Japanese yen 100 6.3464
Hong Kong dollar 100 86.353
British pound 100 886.55
Australian dollar 100 508.05
New Zealand dollar 100 473.58
Singapore dollar 100 496.84
Swiss franc 100 679.78
Canadian dollar 100 516.75
Malaysian ringgit 59.236 100
Ruble 947.29 100
Rand 215.41 100
Korean Won 16,991 100
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.)
