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    On October 19, 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 19, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1795 yuan for 1 US dollar, 7.6082 yuan for 1 euro, 4.8278 yuan for 100 yen, 0.91721 yuan for 1 Hong Kong dollar, 8.7713 yuan for 1 pound, 4.5770 yuan for 1 Australian dollar, 4.2413 yuan for 1 New Zealand dollar, 5.2546 yuan for 1 Singapore dollar, 8.0327 yuan for 1 Swiss franc, 5.2732 yuan for 1 Canadian dollar, 0.66088 ringgit for 1 yuan to 13.4935 Russian ruble, 2.6352 South African rand for 1 yuan to 186.51 Korean won, 0.50966 UAE dirham for 1 yuan to 0.52051 Saudi riyal for 1 yuan, and 50.7627 Hungarian forint for 1 yuan RMB 1 to 0.58863 Polish zloty, RMB 1 to 0.9844 Danish kroner, RMB 1 to 1.5265 Swedish kroner, RMB 1 to 1.5331 Norwegian kroner, RMB 1 to 3.88821 Turkish lira, RMB 1 to 2.5431 Mexican peso, RMB 1 to 5.0182 baht.

    China Foreign Exchange Trading Center

    October 19, 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.