Market exchange rates in China -- May 5

BEIJING, May 5 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Friday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 691.14

Euro 100 761.89

Japanese yen 100 5.1491

Hong Kong dollar 100 88.059

British pound 100 869.67

Australian dollar 100 463.16

New Zealand dollar 100 434.73

Singapore dollar 100 520.60

Swiss franc 100 780.54

Canadian dollar 100 511.11

Malaysian ringgit 64.37 100

Ruble 1,135.59 100

Rand 264.69 100

Korean won 19,140 100

UAE dirham 53.137 100

Saudi riyal 54.266 100

Hungarian forint 4,896.91 100

Polish zloty 60.238 100

Danish krone 97.77 100

Swedish krona 148.03 100

Norwegian krone 154.49 100

Turkish lira 281.345 100

Mexican peso 258.97 100

Thai baht 488.88 100

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. ■