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BEIJING, Nov. 8 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 16 major currencies announced on Tuesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 678.17
Euro 100 748.93
Japanese yen 100 6.4900
Hong Kong dollar 100 87.443
British pound 100 840.83
Australian dollar 100 523.19
New Zealand dollar 100 495.74
Singapore dollar 100 487.93
Swiss franc 100 696.29
Canadian dollar 100 506.78
Malaysian ringgit 61.858 100
Ruble 938.89 100
Rand 197.43 100
Korean Won 16,825 100
UAE dirham 54.133 100
Saudi riyal 55.270 100
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, Korean won, UAE dirham and Saudi riyal 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.)
