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    On July 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 July 25, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.1406 yuan to 1 US dollar, 7.9636 yuan to 1 euro, 5.0882 yuan to 100 yen, 0.91393 yuan to 1 Hong Kong dollar, 9.2263 yuan to 1 pound, 4.8511 yuan to 1 Australian dollar, 4.4670 yuan to 1 New Zealand dollar, 5.4073 yuan to 1 Singapore dollar, 8.2746 yuan to 1 Swiss franc, 5.4680 yuan to 1 Canadian dollar, 0.63489 ringgit to 1 yuan to 12.6032 Russian ruble, 2.4632 South African rand to 1 yuan to 178.09 Korean won, 0.51000 UAE dirham to 1 yuan to 0.52080 Saudi riyal, 47.4263 Hungarian forint to 1 yuan RMB 1 to 0.55840 Polish zloty, RMB 1 to 0.9350 Danish kroner, RMB 1 to 1.4455 Swedish kroner, RMB 1 to 1.3965 Norwegian kroner, RMB 1 to 3.74845 Turkish lira, RMB 1 to 2.3378 Mexican peso, RMB 1 to 4.7964 baht.

    China Foreign Exchange Trading Center

    July 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.