Biz News Flash

Market exchange rates in China -- May 24

(Xinhua)
Updated: 2011-05-24 11:05

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

Currency           Unit          Middle Price (in yuan)

US Dollar                 100                650.38

Euro                          100                913.07

Japanese Yen         100                7.9436

Hong Kong Dollar   100                83.62

British Pound          100                1,046.95

Malaysian Ringgit  47.038             100

Ruble                       438.14             100

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