The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 11 major currencies announced on Thursday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan U.S. dollar 100 639.15 Euro 100 711.91 Japanese yen 100 5.1551 Hong Kong dollar 100 82.443 British pound 100 1002.31 Australian dollar 100 469.74 New Zealand dollar 100 421.50 Singapore dollar 100 456.41 Canadian dollar 100 487.68 Malaysian ringgit 64.017 100 Ruble 1041.42 100
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 market each business day and also refers to the closing rate on the previous day, in conjunction with supply and demand condition and movement of major currencies.
The central parity rates of the yuan against the Hong Kong dollar and 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 and ruble are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.
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