Market exchange rates in China -- March 8

BEIJING, March 8 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 695.25

Euro 100 733.63

Japanese yen 100 5.0652

Hong Kong dollar 100 88.569

British pound 100 822.32

Australian dollar 100 458.16

New Zealand dollar 100 425.19

Singapore dollar 100 513.31

Swiss franc 100 737.90

Canadian dollar 100 505.45

Malaysian ringgit 64.363 100

Ruble 1,086.85 100

Rand 267.72 100

Korean won 18,845 100

UAE dirham 52.838 100

Saudi riyal 53.999 100

Hungarian forint 5,168.51 100

Polish zloty 63.963 100

Danish krone 101.49 100

Swedish krona 154.30 100

Norwegian krone 153.84 100

Turkish lira 272.158 100

Mexican peso 260.42 100

Thai baht 503.95 100

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 rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar 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 other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.