The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 16 major currencies announced on Wednesday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 688.65

Euro 100 733.86

Japanese yen 100 6.1316

Hong Kong dollar 100 88.794

British pound 100 860.85

Australian dollar 100 516.01

New Zealand dollar 100 491.93

Singapore dollar 100 483.98

Swiss franc 100 681.46

Canadian dollar 100 513.32

Malaysian ringgit 64.569 100

Ruble 945.78 100

Rand 201.59 100

Korean Won 16,941 100

UAE dirham 53.291 100

Saudi riyal 54.418 100

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 Hong Kong dollar and the 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 euro, British pound, Japanese yen, Australian dollar, Singapore dollar, New Zealand dollar, Malaysian ringgit, rubble, rand, Korean won, UAE dirham and Saudi riyal are based on the average prices offered by market makers before the opening of the interbank foreign exchange market.