Market exchange rates in China -- Feb. 28

BEIJING, Feb. 28 (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 100 695.19

Euro 100 737.47

Japanese yen 100 5.1024

Hong Kong dollar 100 88.604

British pound 100 838.85

Australian dollar 100 468.58

New Zealand dollar 100 428.47

Singapore dollar 100 516.19

Swiss franc 100 742.98

Canadian dollar 100 512.18

Malaysian ringgit 64.352 100

Ruble 1,078.28 100

Rand 264.87 100

Korean won 18,967 100

UAE dirham 52.833 100

Saudi riyal 53.985 100

Hungarian forint 5,122.98 100

Polish zloty 63.934 100

Danish krone 100.92 100

Swedish krona 149.46 100

Norwegian krone 148.69 100

Turkish lira 271.685 100

Mexican peso 264.36 100

Thai baht 503.53 100

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.