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    On May 12, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate

    The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 12, 2023, the interbankforeign exchange marketThe central parity of the RMB exchange rate is 6.9481 yuan to 1 US dollar, 7.5850 yuan to 1 euro, 5.1672 yuan to 100 yen, 0.88632 yuan to 1 Hong Kong dollar, 8.6936 yuan to 1 pound, 4.6562 yuan to 1 Australian dollar, 4.3744 yuan to 1 New Zealand dollar, 5.2189 yuan to 1 Singapore dollar, 7.7724 yuan to 1 Swiss franc, 5.1496 yuan to 1 Canadian dollar, 0.64372 ringgit to 1 yuan to 11.0659 Russian ruble, 2.7610 South African rand to 1 yuan to 191.44 Korean won, 0.52849 UAE dirham to 1 yuan to 0.53977 Saudi riyal, 48.9777 Hungarian forint to 1 yuan RMB 1 to 0.59850 Polish zloty, RMB 1 to 0.9819 Danish kroner, RMB 1 to 1.4870 Swedish kroner, RMB 1 to 1.5355 Norwegian kroner, RMB 1 to 2.81713 Turkish lira, RMB 1 to 2.5310 Mexican pesos, RMB 1 to 4.8678 Thai baht.


    China Foreign Exchange Trading Center

    May 12, 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.