Markets

Market exchange rates in China -- May 17

(Xinhua)
Updated: 2011-05-17 10:19

BEIJING -- The following are the central parity rates of the Renminbi (RMB) against seven major currencies announced Tuesday by the China Foreign Exchange Trading System:

Currency               Unit                Middle Price (in RMB yuan)

US Dollar              100                        651.08

Euro                   100                        922.16

Japanese Yen           100                        8.0395

Hong Kong Dollar       100                        83.718

British Pound          100                        1,055.14

Malaysian Ringgit      46.793                     100

Ruble                  432.51                     100

The central parity of RMB 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 RMB against the other six currencies is based on the central rate of RMB 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.