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    On August 16, 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 16, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1986 yuan to 1 US dollar, 7.9205 yuan to 1 euro, 5.0053 yuan to 100 yen, 0.92007 yuan to 1 Hong Kong dollar, 9.2318 yuan to 1 pound, 4.6998 yuan to 1 Australian dollar, 4.3387 yuan to 1 New Zealand dollar, 5.3545 yuan to 1 Singapore dollar, 8.2724 yuan to 1 Swiss franc, 5.3989 yuan to 1 Canadian dollar, 0.64098 ringgit to 1 yuan to 13.4925 Russian ruble, 1 yuan to 2.6381 South African rand, 1 yuan to 183.40 Korean won, 1 yuan to 0.50532 United Arab Emirates dirham, 1 yuan to 0.51604 Saudi riyal, 1 yuan to 48.9820 Hungarian forint RMB 1 to 0.56553 Polish zloty, RMB 1 to 0.9377 Danish kroner, RMB 1 to 1.4935 Swedish kroner, RMB 1 to 1.4459 Norwegian kroner, RMB 1 to 3.72556 Turkish lira, RMB 1 to 2.3654 Mexican peso, RMB 1 to 4.8603 Thai baht.

    China Foreign Exchange Trading Center

    August 16, 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.