Markets
Market exchange rates in China -- May 18
(Xinhua)
Updated: 2011-05-18 10:34
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BEIJING -- 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)
US Dollar 100 650.74
Euro 100 927.69
Japanese Yen 100 7.9978
Hong Kong Dollar 100 83.702
British Pound 100 1,057.49
Malaysian Ringgit 46.711 100
Ruble 431.97 100
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.
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