Yuan's Performance Against Major Currencies
The central parity rate serves as a benchmark for daily trading in China's interbank foreign exchange market. Here is a full breakdown of the rates against 25 major currencies: Currency Units Central Parity Rate (Yuan) U.S. dollar 100 713.95 Euro 100 826.95 Japanese yen 100 4.8576 Hong Kong dollar 100 90.952 British pound 100 949.19 Australian dollar 100 462.20 New Zealand dollar 100 422.50 Singapore dollar 100 554.75 Swiss franc 100 888.52 Canadian dollar 100 518.90 Pataca 100 88.26 Malaysian ringgit 100 167.71 Ruble 100 9.00 Rand 100 39.66 Korean won 100 0.52 UAE dirham 100 194.69 Saudi riyal 100 190.66 Hungarian forint 100 2.08 Polish zloty 100 194.11 Danish krone 100 110.83 Swedish krona 100 74.07 Norwegian krone 100 69.70 Turkish lira 100 17.59 Mexican peso 100 37.89 Thai baht 100 22.04
The central parity rates are not all calculated in the same way. The rate against the U.S. dollar is determined by a weighted average of prices submitted by market makers before the start of each business day's interbank market.
The rates for the Hong Kong dollar and Pataca are derived from other central parity rates. The Hong Kong dollar's rate is based on the yuan's rate against the U.S. dollar and the Hong Kong dollar's exchange rate against the U.S. dollar in international markets. The Pataca's rate is then calculated using the yuan's rate against the Hong Kong dollar.
For the remaining 22 currencies, the central parity rates are determined based on the average prices offered by market makers in the interbank foreign exchange market before the opening.
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