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Market exchange rates in China -- July 15

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(Globalpost/GlobalPost)

BEIJING, July 15 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 10 major currencies, as announced on Tuesday by the China Foreign Exchange Trading System:

Currency Unit Central parity rate (in yuan)

U.S. dollar 100 614.90

Euro 100 837.46

Japanese yen 100 6.0649

Hong Kong dollar 100 79.342

British pound 100 1,052.82

Australian dollar 100 578.28

New Zealand dollar 100 542.82

Canadian dollar 100 573.52

Malaysian ringgit 51.487 100

Ruble 554.14 100

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 rates of the yuan against the euro, Hong Kong dollar and Canadian dollar are based on the central parity rate of the yuan against the U.S. dollar and the exchange rates of the four currencies 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 British pound, Japanese yen, Australian dollar, New Zealand dollar, Malaysian ringgit and ruble are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.

http://www.globalpost.com/dispatch/news/xinhua-news-agency/140715/market-exchange-rates-china-july-15