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 100 688.08

Euro 100 737.38

Japanese yen 100 6.0384

Hong Kong dollar 100 88.722

British pound 100 872.56

Australian dollar 100 513.42

New Zealand dollar 100 490.25

Singapore dollar 100 484.60

Swiss franc 100 681.73

Canadian dollar 100 518.66

Malaysian ringgit 64.256 100

Ruble 927.99 100

Rand 198.16 100

Korean Won 17,018 100

UAE dirham 53.356 100

Saudi riyal 54.462 100

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.