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Market exchange rates in China -- Aug. 6

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(Globalpost/GlobalPost)

BEIJING, Aug. 6 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 10 major currencies, as announced on Wednesday by the China Foreign Exchange Trading System:

Currency Unit Central parity rate (in yuan)

U.S. dollar 100 616.81

Euro 100 824.58

Japanese yen 100 6.0152

Hong Kong dollar 100 79.586

British pound 100 1,041.27

Australian dollar 100 573.67

New Zealand dollar 100 520.32

Canadian dollar 100 562.65

Malaysian ringgit 51.815 100

Ruble 584.59 100

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/140805/market-exchange-rates-china-aug-6