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    On November 18, 2022, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate

    On November 18, 2022, the China Foreign Exchange Trading Center was authorized to announce the central parity of the RMB exchange rate (Figure 1).

    The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on November 18, 2022, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1091 yuan for 1 US dollar, 7.3626 yuan for 1 euro, 5.0640 yuan for 100 yen, 0.90823 yuan for 1 Hong Kong dollar, 8.4369 yuan for 1 pound, 4.7556 yuan for 1 Australian dollar, 4.3616 yuan for 1 New Zealand dollar, 5.1730 yuan for 1 Singapore dollar, 7.4654 yuan for 1 Swiss franc, 5.3369 yuan for 1 Canadian dollar, 0.64188 ringgit for 1 yuan, 8.4292 Russian ruble for 1 yuan, 2.4429 South African rand for 1 yuan, 188.25 Korean won for 1 yuan, 0.51732 UAE dirham for 1 yuan, 0.52939 Saudi riyal for 1 yuan, 55.9703 Hungarian forint for 1 yuan RMB 1 to 0.64053 Polish zloty, RMB 1 to 1.0109 Danish kroner, RMB 1 to 1.4913 Swedish kroner, RMB 1 to 1.4247 Norwegian kroner, RMB 1 to 2.62065 Turkish lira, RMB 1 to 2.7331 Mexican pesos, RMB 1 to 5.0345 Thai baht.



    China Foreign Exchange Trading Center

    November 18, 2022

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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.