BEIJING, June 11 (Xinhua) -- The China Foreign Exchange Trade System announced the central parity rates of the renminbi, or yuan, against 25 major currencies on Wednesday. These rates are essential for understanding the yuan's position in the global market and its valuation relative to other currencies.

According to the latest figures, the central parity rate of the yuan against the U.S. dollar stands at 718.15 for every 100 units, while it is 820.82 against the euro. This data provides insights into the economic interactions between China and these key economies.

The yuan's exchange rate against the Japanese yen is set at 4.9553 for every 100 yen, illustrating the regional economic ties between China and Japan. The Hong Kong dollar is valued at 91.502 yuan for every 100 units, reflecting the maintained financial relationship between the two regions.

Additional notable exchange rates include 969.74 yuan for 100 British pounds and 468.75 yuan for 100 Australian dollars. Such figures can influence trade dynamics and investment strategies between these countries and China.

In the Asian currency landscape, the New Zealand dollar is pegged at 434.89 yuan for 100 units. The exchange with the Singapore dollar is at 558.39 yuan for 100 dollars, further showcasing the yuan's integral role in regional trade.

The rates extend to a variety of other currencies. For instance, the Canadian dollar is valued at 525.48 yuan for every 100 dollars, while the Russian ruble stands at 1,092.36 yuan for 100 units. These rates signify China's growing economic partnerships.

The calculations for these central parity rates are based on a weighted average of prices provided by market makers prior to the interbank market opening on each business day. This method ensures a reflective exchange rate closely aligned with market realities.

Specifically, the yuan's central parity against the Hong Kong dollar derives from the yuan's rate against the U.S. dollar and the current Hong Kong dollar to U.S. dollar exchange rate. Similarly, the Pataca's value is determined through its relationship with the yuan and the Hong Kong dollar.

For the other 22 currencies, the rates are also established based on the average prices from the market makers before the opening of the interbank foreign exchange market. This structured approach reinforces the transparency and reliability of the currency valuations.

The ongoing adjustments and announcements of these parity rates highlight the dynamic nature of foreign exchange markets and the yuan's positioning within them, which is crucial for traders, investors, and policymakers alike.