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    On October 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 October 16, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.1798 yuan to 1 US dollar, 7.5920 yuan to 1 euro, 4.8320 yuan to 100 yen, 0.91770 yuan to 1 Hong Kong dollar, 8.7720 yuan to 1 pound, 4.5600 yuan to 1 Australian dollar, 4.2753 yuan to 1 New Zealand dollar, 5.2650 yuan to 1 Singapore dollar, 7.9927 yuan to 1 Swiss franc, 5.2917 yuan to 1 Canadian dollar, 0.65906 ringgit to 1 yuan to 13.4832 Russian ruble, 2.6354 South African rand to 1 yuan to 186.45 Korean won, 0.50993 United Arab Emirates dirham to 1 yuan to 0.52073 Saudi riyal, 51.3833 Hungarian forint to 1 yuan RMB 1 to 0.59095 Polish zloty, RMB 1 to 0.9859 Danish kroner, RMB 1 to 1.5260 Swedish kroner, RMB 1 to 1.5155 Norwegian kroner, RMB 1 to 3.84276 Turkish lira, RMB 1 to 2.5133 Mexican peso, RMB 1 to 4.9982 baht.

    China Foreign Exchange Trading Center

    October 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.