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Market exchange rates in China -- Dec. 12

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(Globalpost/GlobalPost)

BEIJING, Dec. 12 (Xinhua) -- Following are the central parity rates of the Chinese currency Renminbi (RMB) against nine major currencies announced on Thursday by the China Foreign Exchange Trading System:

Currency Unit Middle Price (in RMB yuan)

U.S. Dollar 100 611.15

Euro 100 841.95

Japanese Yen 100 5.9472

Hong Kong Dollar 100 78.816

British Pound 100 1,000.09

Australian Dollar 100 552.04

Canadian Dollar 100 576.94

Malaysian Ringgit 52.884 100

Ruble 538.68 100

The central parity of RMB against the U.S. dollar is based on a weighted average of inquired prices from all market makers before the opening of the market in each business day.

The central parity of RMB against the other eight currencies is based on the central rate of RMB against the U.S. dollar of the same business day as well as the exchange rates of the eight currencies against the U.S. dollar at 9 a.m. of the same business day in the international foreign exchange market.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/131212/market-exchange-rates-china-dec-12