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    On October 18, 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 18, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.1795 yuan to 1 US dollar, 7.6259 yuan to 1 euro, 4.8287 yuan to 100 yen, 0.91764 yuan to 1 Hong Kong dollar, 8.7863 yuan to 1 pound, 4.5983 yuan to 1 Australian dollar, 4.2690 yuan to 1 New Zealand dollar, 5.2667 yuan to 1 Singapore dollar, 8.0153 yuan to 1 Swiss franc, 5.2909 yuan to 1 Canadian dollar, 0.65961 ringgit to 1 yuan to 13.4871 Russian ruble, 2.6124 South African rand to 1 yuan to 186.44 Korean won, 0.51002 UAE dirham to 1 yuan to 0.52087 Saudi riyal, 50.6576 Hungarian forint to 1 yuan RMB 1 to 0.58261 Polish zloty, RMB 1 to 0.9815 Danish kroner, RMB 1 to 1.5129 Swedish kroner, RMB 1 to 1.5195 Norwegian kroner, RMB 1 to 3.88142 Turkish lira, RMB 1 to 2.5111 Mexican peso, RMB 1 to 5.0206 Thai baht.

    China Foreign Exchange Trading Center

    October 18, 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.