Market exchange rates in China — May 11

BEIJING, May 11 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Wednesday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 672.90

Euro 100 708.87

Japanese yen 100 5.1634

Hong Kong dollar 100 85.722

British pound 100 828.62

Australian dollar 100 466.90

New Zealand dollar 100 423.41

Singapore dollar 100 483.79

Swiss franc 100 675.93

Canadian dollar 100 516.49

Malaysian ringgit 65.126 100

Ruble 1,035.50 100

Rand 239.67 100

Korean won 18,966 100

UAE dirham 54.573 100

Saudi riyal 55.732 100

Hungarian forint 5,357.11 100

Polish zloty 66.003 100

Danish krone 104.91 100

Swedish krona 149.60 100

Norwegian krone 144.51 100

Turkish lira 227.685 100

Mexican peso 302.75 100

Thai baht 514.55 100

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 rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar 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 other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.


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