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Market exchange rates in China -- March 16

Xinhua, March 16, 2016 Adjust font size:

The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 12 major currencies announced on Wednesday by the China Foreign Exchange Trading System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 651.72

Euro 100 723.31

Japanese yen 100 5.7581

Hong Kong dollar 100 83.985

British pound 100 921.81

Australian dollar 100 486.29

New Zealand dollar 100 430.62

Singapore dollar 100 471.79

Swiss franc 100 659.87

Canadian dollar 100 488.11

Malaysian ringgit 63.239 100

Ruble 1,087.84 100

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 and ruble are based on the average prices offered by market makers before the opening of the interbank foreign exchange market. Endi