Biz News Flash

Market exchange rates in China -- May 25

(Xinhua)
Updated: 2011-05-25 09:59

BEIJING -- Following are the central parity rates of the Chinese currency renminbi (RMB) against seven major currencies announced Wednesday by the China Foreign Exchange Trading System:

Currency                 Unit          Middle Price (in yuan)

US Dollar                 100                649.49

Euro                      100                913.67

Japanese Yen              100                7.9076

Hong Kong Dollar          100                83.511

British Pound             100                1,049.28

Malaysian Ringgit         46.923             100

Ruble                     436.6               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.