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

Currency Unit Central parity rate in yuan

U.S. dollar 100 665.55

Euro 100 748.81

Japanese yen 100 6.5384

Hong Kong dollar 100 85.823

British pound 100 893.56

Australian dollar 100 511.08

New Zealand dollar 100 493.00

Singapore dollar 100 494.78

Swiss franc 100 686.44

Canadian dollar 100 517.74

Malaysian ringgit 60.858 100

Ruble 970.00 100

Rand 210.22 100

Korean Won 16,465 100

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