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    On August 1, 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 August 1, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1283 yuan to 1 US dollar, 7.8579 yuan to 1 euro, 5.0207 yuan to 100 yen, 0.91400 yuan to 1 Hong Kong dollar, 9.1706 yuan to 1 pound, 4.8016 yuan to 1 Australian dollar, 4.4369 yuan to 1 New Zealand dollar, 5.3745 yuan to 1 Singapore dollar, 8.1965 yuan to 1 Swiss franc, 5.4189 yuan to 1 Canadian dollar, 0.63128 ringgit to 1 yuan to 12.8187 Russian ruble, 1 yuan to 2.5007 South African rand, 1 yuan to 178.71 Korean won, 1 yuan to 0.51402 UAE dirham, 1 yuan to 0.52505 Saudi riyal, 1 yuan to 49.2879 Hungarian forint RMB 1 to 0.56051 Polish zloty, RMB 1 to 0.9479 Danish kroner, RMB 1 to 1.4724 Swedish kroner, RMB 1 to 1.4167 Norwegian kroner, RMB 1 to 3.77140 Turkish lira, RMB 1 to 2.3445 Mexican peso, RMB 1 to 4.7926 baht.

    China Foreign Exchange Trading Center

    August 1, 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.