Market exchange rates in China -- March 7

BEIJING, March 7 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 25 major currencies announced on Thursday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 710.02

Euro 100 775.94

Japanese yen 100 4.7802

Hong Kong dollar 100 90.769

British pound 100 906.15

Australian dollar 100 467.79

New Zealand dollar 100 437.29

Singapore dollar 100 531.51

Swiss franc 100 805.91

Canadian dollar 100 527.12

Pataca 113.54 100

Malaysian ringgit 66.432 100

Ruble 1,269.94 100

Rand 264.67 100

Korean won 18,618 100

UAE dirham 51.642 100

Saudi riyal 52.735 100

Hungarian forint 5,089.66 100

Polish zloty 55.574 100

Danish krone 96.35 100

Swedish krona 144.48 100

Norwegian krone 147.42 100

Turkish lira 446.889 100

Mexican peso 237.84 100

Thai baht 499.23 100

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 rate of the yuan against the Hong Kong dollar is based on the central parity rate of the yuan against the U.S. dollar and the exchange rate of the Hong Kong dollar against the U.S. dollar at 9 a.m. in international foreign exchange markets on the same business day.

The central parity rate of the yuan against the Pataca is based on the central parity rate of the yuan against the Hong Kong dollar and the exchange rate of the Pataca against the Hong Kong dollar at 9 a.m. in international foreign exchange markets on the same business day.

The central parity rates of the yuan against the other 22 currencies are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.