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BEIJING, Aug. 1 (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 100 662.77
Euro 100 740.98
Japanese yen 100 6.4716
Hong Kong dollar 100 85.432
British pound 100 876.12
Australian dollar 100 503.37
New Zealand dollar 100 477.37
Singapore dollar 100 494.46
Swiss franc 100 683.96
Canadian dollar 100 507.77
Malaysian ringgit 60.927 100
Ruble 997.43 100
Rand 209.67 100
Korean Won 16,797 100
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.
