BEIJING, May 16 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 695.06

Euro 100 755.93

Japanese yen 100 5.1116

Hong Kong dollar 100 88.691

British pound 100 870.66

Australian dollar 100 465.97

New Zealand dollar 100 434.17

Singapore dollar 100 520.22

Swiss franc 100 776.26

Canadian dollar 100 516.20

Malaysian ringgit 64.665 100

Ruble 1,146.97 100

Rand 273.59 100

Korean won 19,203 100

UAE dirham 52.83 100

Saudi riyal 53.949 100

Hungarian forint 4,883.59 100

Polish zloty 59.605 100

Danish krone 98.50 100

Swedish krona 148.84 100

Norwegian krone 152.39 100

Turkish lira 283.10 100

Mexican peso 251.00 100

Thai baht 485.79 100

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

The central parity rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar against the U.S. dollar at 9 a.m. in international foreign exchange markets on the same business day.

The central parity rates of the yuan against the other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.