Market exchange rates in China -- May 8

BEIJING, May 8 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 636.74

Euro 100 759.32

Japanese yen 100 5.8386

Hong Kong dollar 100 81.116

British pound 100 863.50

Australian dollar 100 478.44

New Zealand dollar 100 446.85

Singapore dollar 100 476.58

Swiss franc 100 635.00

Canadian dollar 100 494.00

Malaysian ringgit 61.945 100

Ruble 988.06 100

Rand 196.95 100

Korean won 16,941 100

UAE dirham 57.693 100

Saudi riyal 58.909 100

Hungarian forint 4,142.39 100

Polish zloty 56.106 100

Danish krone 98.09 100

Swedish krona 138.75 100

Norwegian krone 126.67 100

Turkish lira 67.022 100

Mexican peso 305.40 100

Thai baht 500.09 100

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. Enditem

(This article is generated by Xinhua News Robot.)