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.

Source : XINHUA