Biz News Flash

Market exchange rates in China - May 11

(Xinhua)
Updated: 2011-05-11 11:08

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

Currency                 Unit          Middle Price (in yuan)

US Dollar                 100                649.48

Euro                          100                935.19

Japanese Yen         100                8.0381

Hong Kong Dollar   100                83.571

British Pound          100                1,062.94

Malaysian Ringgit  45.930             100

Ruble                       426.95             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.