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    On November 1, 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 1, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.1778 yuan to 1 US dollar, 7.6399 yuan to 1 euro, 4.7861 yuan to 100 yen, 0.91727 yuan to 1 Hong Kong dollar, 8.7814 yuan to 1 pound, 4.5884 yuan to 1 Australian dollar, 4.2134 yuan to 1 New Zealand dollar, 5.2693 yuan to 1 Singapore dollar, 7.9447 yuan to 1 Swiss franc, 5.2143 yuan to 1 Canadian dollar, 0.66376 ringgit to 1 yuan to 12.8795 Russian ruble, 2.5871 South African rand to 1 yuan to 186.39 Korean won, 0.50931 UAE dirham to 1 yuan to 0.52021 Saudi riyal, 50.3314 Hungarian forint to 1 yuan RMB 1 to 0.58651 Polish zloty, RMB 1 to 0.9806 Danish kroner, RMB 1 to 1.5467 Swedish kroner, RMB 1 to 1.5482 Norwegian kroner, RMB 1 to 3.92521 Turkish lira, RMB 1 to 2.5156 Mexican pesos, RMB 1 to 4.9780 baht.

    China Foreign Exchange Trading Center

    November 1, 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.