BEIJING, May 18 (Xinhua) — The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 699.67

Euro 100 758.58

Japanese yen 100 5.087

Hong Kong dollar 100 89.376

British pound 100 873.89

Australian dollar 100 466.12

New Zealand dollar 100 437.18

Singapore dollar 100 521.51

Swiss franc 100 778.91

Canadian dollar 100 519.88

Malaysian ringgit 64.621 100

Ruble 1,142.73 100

Rand 275.22 100

Korean won 19,078 100

UAE dirham 52.454 100

Saudi riyal 53.572 100

Hungarian forint 4,875.34 100

Polish zloty 59.589 100

Danish krone 98.17 100

Swedish krona 149.24 100

Norwegian krone 153.85 100

Turkish lira 282.438 100

Mexican peso 251.42 100

Thai baht 489.26 100

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.