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    On May 29, 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 May 29, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.0575 yuan for 1 US dollar, 7.5679 yuan for 1 euro, 5.0133 yuan for 100 yen, 0.90089 yuan for 1 Hong Kong dollar, 8.7135 yuan for 1 pound, 4.6059 yuan for 1 Australian dollar, 4.2716 yuan for 1 New Zealand dollar, 5.2177 yuan for 1 Singapore dollar, 7.7940 yuan for 1 Swiss franc, 5.1864 yuan for 1 Canadian dollar, 0.65211 ringgit for 1 yuan, 11.2439 Russian ruble for 1 yuan, 2.7843 South African rand for 1 yuan, 187.57 Korean won for 1 yuan, 0.52033 UAE dirham for 1 yuan, 0.53143 Saudi riyal for 1 yuan, 49.0230 Hungarian forint for 1 yuan RMB 1 to 0.59830 Polish zloty, RMB 1 to 0.9844 Danish kroner, RMB 1 to 1.5308 Swedish kroner, RMB 1 to 1.5699 Norwegian kroner, RMB 1 to 2.83231 Turkish lira, RMB 1 to 2.4964 Mexican peso, RMB 1 to 4.9268 Thai baht.


    China Foreign Exchange Trading Center

    May 29, 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.