Biz News Flash

Market exchange rates in China -- May 23

(Xinhua)
Updated: 2011-05-23 11:21

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                649.98

Euro                         100                917.77

Japanese Yen         100                7.9416

Hong Kong Dollar   100                83.605

British Pound           100                1,054.46

Malaysian Ringgit    46.54              100

Ruble                        433.42             100

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