Money

Market exchange rates in China -- May 10

(Xinhua)
Updated: 2011-05-10 13:18

BEIJING -- The following are the central parity rates of the renminbi against seven major currencies announced Tuesday by the China Foreign Exchange Trading System:

Currency                    Unit          Middle Price (in yuan)

US Dollar                  100                649.50

Euro                          100                931.12

Japanese Yen          100                8.0919

Hong Kong Dollar    100                83.563

British Pound           100                1,064.73

Malaysian Ringgit  46.001             100

Ruble                       429.25             100

The central parity of renminbi 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 renminbi against the other six currencies is based on the central rate of renminbi 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.