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    On October 31, 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 31, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.1779 yuan to 1 US dollar, 7.6480 yuan to 1 euro, 4.8433 yuan to 100 yen, 0.91783 yuan to 1 Hong Kong dollar, 8.7639 yuan to 1 pound, 4.5963 yuan to 1 Australian dollar, 4.2248 yuan to 1 New Zealand dollar, 5.2744 yuan to 1 Singapore dollar, 7.9748 yuan to 1 Swiss franc, 5.2171 yuan to 1 Canadian dollar, 0.66370 ringgit to 1 yuan to 12.8223 Russian ruble, 2.6207 South African rand to 1 yuan to 186.26 Korean won, 0.51083 UAE dirham to 1 yuan to 0.52181 Saudi riyal, 50.3298 Hungarian forint to 1 yuan RMB 1 to 0.58466 Polish zloty, RMB 1 to 0.9796 Danish kroner, RMB 1 to 1.5462 Swedish kroner, RMB 1 to 1.5474 Norwegian kroner, RMB 1 to 3.92877 Turkish lira, RMB 1 to 2.5196 Mexican pesos, RMB 1 to 4.9647 baht.

    China Foreign Exchange Trading Center

    October 31, 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.