Market exchange rates in China — Oct. 16

BEIJING, Oct. 16 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Wednesday by the China Foreign Exchange Trade System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 711.91
Euro 100 775.08
Japanese yen 100 4.7705
Hong Kong dollar 100 91.65
British pound 100 930.31
Australian dollar 100 476.20
New Zealand dollar 100 431.50
Singapore dollar 100 543.68
Swiss franc 100 825.32
Canadian dollar 100 516.66
Pataca 112.48 100
Malaysian ringgit 60.527 100
Ruble 1,360.30 100
Rand 247.94 100
Korean won 19,167 100
UAE dirham 51.581 100
Saudi riyal 52.727 100
Hungarian forint 5,162.07 100
Polish zloty 55.373 100
Danish krone 96.23 100
Swedish krona 146.34 100
Norwegian krone 152.07 100
Turkish lira 480.794 100
Mexican peso 276.67 100
Thai baht 468.19 100
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 rate of the yuan against the Pataca is based on the central parity rate of the yuan against the Hong Kong dollar and the exchange rate of the Pataca against the Hong Kong 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. ■