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    On March 8, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate

    The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on March 8, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 6.9525 yuan to 1 US dollar, 7.3363 yuan to 1 euro, 5.0652 yuan to 100 yen, 0.88569 yuan to 1 Hong Kong dollar, 8.2232 yuan to 1 pound, 4.5816 yuan to 1 Australian dollar, 4.2519 yuan to 1 New Zealand dollar, 5.1331 yuan to 1 Singapore dollar, 7.3790 yuan to 1 Swiss franc, 5.0545 yuan to 1 Canadian dollar, 0.64363 ringgit to 1 yuan to 10.8685 Russian ruble, 2.6772 South African rand to 1 yuan to 188.45 Korean won, 0.52838 UAE dirham to 1 yuan to 0.53999 Saudi riyal, 51.6851 Hungarian forint to 1 yuan RMB 1 to 0.63963 Polish zloty, RMB 1 to 1.0149 Danish kroner, RMB 1 to 1.5430 Swedish kroner, RMB 1 to 1.5384 Norwegian kroner, RMB 1 to 2.72158 Turkish lira, RMB 1 to 2.6042 Mexican pesos, RMB 1 to 5.0395 baht.


    China Foreign Exchange Trading Center

    March 8, 2023

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    Disclaimer: The content of this article does not represent the views of the Institute of Foreign Exchange. The content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.