Markets

Market exchange rates in China -- May 20

(Xinhua)
Updated: 2011-05-20 10:44

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

Currency                        Unit                      Middle Price (in RMB yuan)

US Dollar                       100                                 649.83

Euro                            100                                 929.22

Japanese Yen                    100                                 7.9514

Hong Kong Dollar                100                                 83.593

British Pound                   100                                1,053.76

Malaysian Ringgit             46.482                                 100

Ruble                         430.01                                 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.