BEIJING, Mar. 2, 2011 (Xinhua News Agency) -- The following are the central parity rates of the Renminbi (RMB) against seven major currencies announced Wednesday by the China Foreign Exchange Trading System:
Currency Unit Middle Price (in RMB yuan)
U.S. Dollar 100 657.36
Euro 100 905.35
Japanese Yen 100 8.0278
Hong Kong Dollar 100 84.372
British Pound 100 1,068.37
Malaysian Ringgit 46.275 100
Ruble 437.60 100
The central parity of RMB against the U.S. 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 U.S. dollar of the same business day as well as the exchange rates of the six currencies against the U.S. dollar at 9 a.m. of the same business day in the international foreign exchange market.