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

Currency Unit Central parity rate in yuan

U.S. dollar 100 663.05

Euro 100 741.66

Japanese yen 100 6.5522

Hong Kong dollar 100 85.485

British pound 100 854.37

Australian dollar 100 508.90

New Zealand dollar 100 478.29

Singapore dollar 100 493.95

Swiss franc 100 681.56

Canadian dollar 100 512.90

Malaysian ringgit 60.101 100

Ruble 965.080 100

Rand 200.47 100

Korean Won 16,559 100

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