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    On October 12, 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 October 12, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1776 yuan to 1 US dollar, 7.6561 yuan to 1 euro, 4.8449 yuan to 100 yen, 0.91758 yuan to 1 Hong Kong dollar, 8.8701 yuan to 1 pound, 4.6327 yuan to 1 Australian dollar, 4.3541 yuan to 1 New Zealand dollar, 5.2842 yuan to 1 Singapore dollar, 7.9973 yuan to 1 Swiss franc, 5.3075 yuan to 1 Canadian dollar, 0.65759 ringgit to 1 yuan to 13.7606 Russian ruble, 2.6164 South African rand to 1 yuan to 185.05 Korean won, 0.51069 United Arab Emirates dirham to 1 yuan to 0.52156 Saudi riyal, 50.7116 Hungarian forint to 1 yuan RMB 1 to 0.59381 Polish zloty, RMB 1 to 0.9771 Danish kroner, RMB 1 to 1.5128 Swedish kroner, RMB 1 to 1.5058 Norwegian kroner, RMB 1 to 3.85035 Turkish lira, RMB 1 to 2.4880 Mexican peso, RMB 1 to 5.0341 Thai baht.

    China Foreign Exchange Trading Center

    October 12, 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.