Market exchange rates in China

The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 14 major currencies announced on Thursday by the China Foreign Exchange Trading System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 666.02

Euro 100 749.86

Japanese yen 100 6.6272

Hong Kong dollar 100 85.895

British pound 100 881.59

Australian dollar 100 507.16

New Zealand dollar 100 487.49

Singapore dollar 100 491.59

Swiss franc 100 688.76

Canadian dollar 100 515.50

Malaysian ringgit 60.426 100

Ruble 978.55 100

Rand 212.43 100

Korean Won 16,830 100

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 and Korean won are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.

Source : XINHUA