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BEIJING, Nov. 4 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 16 major currencies announced Friday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 675.14
Euro 100 749.44
Japanese yen 100 6.5530
Hong Kong dollar 100 87.056
British pound 100 841.93
Australian dollar 100 518.82
New Zealand dollar 100 494.73
Singapore dollar 100 487.95
Swiss franc 100 693.06
Canadian dollar 100 504.06
Malaysian ringgit 61.841 100
Ruble 941.15 100
Rand 199.11 100
Korean Won 16,924 100
UAE dirham 54.403 100
Saudi riyal 55.547 100
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, 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.)
