Markets

Market exchange rates in China -- May 31

(Xinhua)
Updated: 2011-05-31 10:02

BEIJING -- Following are the central parity rates of the Chinese currency 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                         648.45

Euro                             100                         932.15

Japanese Yen                     100                         8.0214

Hong Kong Dollar                 100                         83.368

British Pound                    100                         1,071.3

Malaysian Ringgit              46.396                         100

Ruble                          428.09                         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.