The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 11 major currencies announced on Wednesday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan U.S. dollar 100 637.12 Euro 100 718.22 Japanese yen 100 5.2947 Hong Kong dollar 100 82.208 British pound 100 977.74 Australian dollar 100 454.41 New Zealand dollar 100 404.88 Singapore dollar 100 454.91 Canadian dollar 100 480.99 Malaysian ringgit 67.202 100 Ruble 1,048.65 100
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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