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    On November 20, 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 November 20, 2023, the interbankforeign exchange marketThe central parity rate of the RMB exchange rate is 7.1612 yuan to 1 US dollar, 7.8340 yuan to 1 euro, 4.8001 yuan to 100 yen, 0.91848 yuan to 1 Hong Kong dollar, 8.9465 yuan to 1 pound, 4.6807 yuan to 1 Australian dollar, 4.3146 yuan to 1 New Zealand dollar, 5.3429 yuan to 1 Singapore dollar, 8.1066 yuan to 1 Swiss franc, 5.2387 yuan to 1 Canadian dollar, 0.65210 ringgit to 1 yuan to 12.4485 Russian ruble, 2.5555 South African rand to 1 yuan to 180.36 Korean won, 0.51179 United Arab Emirates dirham to 1 yuan to 0.52264 Saudi riyal to 1 yuan to 48.4405 Hungarian forint RMB 1 to 0.56132 Polish zloty, RMB 1 to 0.9537 Danish kroner, RMB 1 to 1.4663 Swedish kroner, RMB 1 to 1.5067 Norwegian kroner, RMB 1 to 3.99550 Turkish lira, RMB 1 to 2.4043 Mexican pesos, RMB 1 to 4.8849 baht.

    China Foreign Exchange Trading Center

    November 20, 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.