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    On July 5, 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 July 5, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1968 yuan for 1 US dollar, 7.8501 yuan for 1 euro, 4.9944 yuan for 100 yen, 0.91909 yuan for 1 Hong Kong dollar, 9.1737 yuan for 1 pound, 4.8283 yuan for 1 Australian dollar, 4.4709 yuan for 1 New Zealand dollar, 5.3470 yuan for 1 Singapore dollar, 8.0448 yuan for 1 Swiss franc, 5.4567 yuan for 1 Canadian dollar, 0.64480 ringgit for 1 yuan to 12.4312 Russian ruble, 2.5842 South African rand for 1 yuan to 179.94 Korean won, 0.50899 United Arab Emirates dirham for 1 yuan to 0.51974 Saudi riyal, 47.7555 Hungarian forint for 1 yuan RMB 1 to 0.56502 Polish zloty, RMB 1 to 0.9487 Danish kroner, RMB 1 to 1.5007 Swedish kroner, RMB 1 to 1.4758 Norwegian kroner, RMB 1 to 3.60160 Turkish lira, RMB 1 to 2.3632 Mexican pesos, RMB 1 to 4.8340 Thai baht.

    China Foreign Exchange Trading Center

    July 5, 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.