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

     Currency            Unit        Central parity rate in yuan

     U.S. dollar         100                 669.08

     Euro                100                 751.61

     Japanese yen        100                 6.5321

     Hong Kong dollar    100                 86.256

     British pound       100                 887.87

     Australian dollar   100                 504.60

     New Zealand dollar  100                 490.60

     Singapore dollar    100                 491.81

     Swiss franc         100                 686.45

     Canadian dollar     100                 512.19

     Malaysian ringgit   60.655              100

     Ruble               967.35              100

     Rand                215.49              100

     Korean Won          16,561              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.  Enditem

     (This article is generated by Xinhua News Robot.)

Source:
courtesy of XINHUA NEWS AGENCY

by XinHua News Agency

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