Money

Market exchange rates in China -- May 9

(Xinhua)
Updated: 2011-05-09 13:26

BEIJING -- The following are the central parity rates of the renminbi against seven major currencies announced Monday by the China Foreign Exchange Trading System:

Currency           Unit          Middle Price (in yuan)

US Dollar          100                649.88

Euro               100                935.11

Japanese Yen       100                8.0520

Hong Kong Dollar   100                83.626

British Pound      100                1,064.50

Malaysian Ringgit  46.102             100

Ruble              428.27             100

The central parity of renminbi against the US dollar is based on a weighted average of enquired prices from all market makers before the opening of the market in each business day.

The central parity of renminbi against the other six currencies is based on the central rate of renminbi against the US dollar of the same business day as well as the exchange rates of the six currencies against the US dollar at 9 am of the same business day in the international foreign exchange market.