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    On July 28, 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 28, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.1338 yuan to 1 US dollar, 7.8627 yuan to 1 euro, 5.1491 yuan to 100 yen, 0.91431 yuan to 1 Hong Kong dollar, 9.1606 yuan to 1 pound, 4.8063 yuan to 1 Australian dollar, 4.4347 yuan to 1 New Zealand dollar, 5.3796 yuan to 1 Singapore dollar, 8.2413 yuan to 1 Swiss franc, 5.4151 yuan to 1 Canadian dollar, 0.63358 ringgit to 1 yuan to 12.6621 Russian ruble, 2.4900 South African rand to 1 yuan to 178.87 Korean won, 0.51286 UAE dirham to 1 yuan to 0.52379 Saudi riyal, 48.6095 Hungarian forint to 1 yuan RMB 1 to 0.56218 Polish zloty, RMB 1 to 0.9472 Danish kroner, RMB 1 to 1.4674 Swedish kroner, RMB 1 to 1.4217 Norwegian kroner, RMB 1 to 3.76398 Turkish lira, RMB 1 to 2.3530 Mexican pesos, RMB 1 to 4.8087 baht.

    China Foreign Exchange Trading Center

    July 28, 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.