Markets

Market exchange rates in China -- May 18

(Xinhua)
Updated: 2011-05-18 10:34

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.