BEIJING, July 7 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 703.10

Euro 100 795.46

Japanese yen 100 6.5469

Hong Kong dollar 100 90.722

British pound 100 878.16

Australian dollar 100 490.36

New Zealand dollar 100 461.02

Singapore dollar 100 505.01

Swiss franc 100 746.10

Canadian dollar 100 519.16

Malaysian ringgit 60.823 100

Ruble 1,022.58 100

Rand 241.63 100

Korean won 16,977 100

UAE dirham 52.265 100

Saudi riyal 53.374 100

Hungarian forint 4,430.41 100

Polish zloty 56.115 100

Danish krone 93.71 100

Swedish krona 131.45 100

Norwegian krone 133.55 100

Turkish lira 97.629 100

Mexican peso 317.71 100

Thai baht 442.07 100

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 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.