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BEIJING, July 19 (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 100 669.71
Euro 100 741.67
Japanese yen 100 6.3126
Hong Kong dollar 100 86.36
British pound 100 888.85
Australian dollar 100 506.91
New Zealand dollar 100 471.46
Singapore dollar 100 496.77
Swiss franc 100 681.89
Canadian dollar 100 516.29
Malaysian ringgit 59.155 100
Ruble 937.77 100
Rand 212.54 100
Korean Won 16,958 100
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.)
