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    On July 27, 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 July 27, 2023, the interbankforeign exchange marketThe central parity of the RMB exchange rate is 7.1265 yuan to 1 US dollar, 7.9208 yuan to 1 euro, 5.0895 yuan to 100 yen, 0.91401 yuan to 1 Hong Kong dollar, 9.2390 yuan to 1 pound, 4.8313 yuan to 1 Australian dollar, 4.4398 yuan to 1 New Zealand dollar, 5.3913 yuan to 1 Singapore dollar, 8.2952 yuan to 1 Swiss franc, 5.4124 yuan to 1 Canadian dollar, 0.63625 ringgit to 1 yuan to 12.5921 Russian ruble, 2.4648 South African rand to 1 yuan to 178.19 Korean won, 0.51393 United Arab Emirates dirham to 1 yuan to 0.52485 Saudi riyal to 1 yuan to 48.2451 Hungarian forint RMB 1 to 0.55852 Polish zloty, RMB 1 to 0.9408 Danish kroner, RMB 1 to 1.4551 Swedish kroner, RMB 1 to 1.4162 Norwegian kroner, RMB 1 to 3.76648 Turkish lira, RMB 1 to 2.3587 Mexican pesos, RMB 1 to 4.7918 baht.

    China Foreign Exchange Trading Center

    July 27, 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.