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    On August 25, 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 25, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1883 yuan for 1 US dollar, 7.8510 yuan for 1 euro, 4.9928 yuan for 100 yen, 0.91653 yuan for 1 Hong Kong dollar, 9.1559 yuan for 1 pound, 4.6711 yuan for 1 Australian dollar, 4.3181 yuan for 1 New Zealand dollar, 5.3626 yuan for 1 Singapore dollar, 8.2141 yuan for 1 Swiss franc, 5.3648 yuan for 1 Canadian dollar, 0.64277 ringgit for 1 yuan to 12.9816 Russian ruble, 2.5910 South African rand for 1 yuan to 182.28 Korean won, 0.50498 United Arab Emirates dirham for 1 yuan to 0.51579 Saudi riyal for 1 yuan, 48.8850 Hungarian forint for 1 yuan RMB 1 to 0.57037 Polish zloty, RMB 1 to 0.9466 Danish kroner, RMB 1 to 1.5120 Swedish kroner, RMB 1 to 1.4705 Norwegian kroner, RMB 1 to 3.56491 Turkish lira, RMB 1 to 2.3217 Mexican peso, RMB 1 to 4.8064 baht.

    China Foreign Exchange Trading Center

    August 25, 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.