The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 16 major currencies announced on Friday by the China Foreign Exchange Trading System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 667.78

Euro 100 748.80

Japanese yen 100 6.6012

Hong Kong dollar 100 86.097

British pound 100 865.46

Australian dollar 100 509.24

New Zealand dollar 100 483.75

Singapore dollar 100 488.94

Swiss franc 100 691.08

Canadian dollar 100 507.37

Malaysian ringgit 61.675 100

Ruble 945.86 100

Rand 208.72 100

Korean Won 16,516 100

UAE dirham 55.00 100

Saudi riyal 56.24 100

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, Korean won, UAE dirham and Saudi riyal are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.

Source : XINHUA