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    On May 25, 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 25, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.0529 yuan to 1 US dollar, 7.5843 yuan to 1 euro, 5.0614 yuan to 100 yen, 0.90091 yuan to 1 Hong Kong dollar, 8.7207 yuan to 1 pound, 4.6135 yuan to 1 Australian dollar, 4.3038 yuan to 1 New Zealand dollar, 5.2268 yuan to 1 Singapore dollar, 7.7973 yuan to 1 Swiss franc, 5.1888 yuan to 1 Canadian dollar, 0.65198 ringgit to 1 yuan to 11.3746 Russian ruble, 2.7287 South African rand to 1 yuan to 186.87 Korean won, 0.52068 UAE dirham to 1 yuan to 0.53178 Saudi riyal, 49.1167 Hungarian forint to 1 yuan RMB 1 to 0.59438 Polish zloty, RMB 1 to 0.9823 Danish kroner, RMB 1 to 1.5197 Swedish kroner, RMB 1 to 1.5536 Norwegian kroner, RMB 1 to 2.82295 Turkish lira, RMB 1 to 2.5249 Mexican peso, RMB 1 to 4.9085 baht.

    China Foreign Exchange Trading Center

    May 25, 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.