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    On November 7, 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 7, 2023, the interbankforeign exchange marketThe central parity rate of the RMB is 7.1776 yuan to 1 US dollar, 7.7230 yuan to 1 euro, 4.8118 yuan to 100 yen, 0.91766 yuan to 1 Hong Kong dollar, 8.8949 yuan to 1 pound, 4.6826 yuan to 1 Australian dollar, 4.3110 yuan to 1 New Zealand dollar, 5.3267 yuan to 1 Singapore dollar, 8.0143 yuan to 1 Swiss franc, 5.2640 yuan to 1 Canadian dollar, 0.64799 ringgit to 1 yuan to 12.7948 Russian ruble, 2.5450 South African rand to 1 yuan to 180.06 Korean won, 0.51092 United Arab Emirates dirham to 1 yuan to 0.52184 Saudi riyal, 49.3636 Hungarian forint to 1 yuan RMB 1 to 0.57995 Polish zloty, RMB 1 to 0.9688 Danish kroner, RMB 1 to 1.5149 Swedish kroner, RMB 1 to 1.5351 Norwegian kroner, RMB 1 to 3.95585 Turkish lira, RMB 1 to 2.4474 Mexican peso, RMB 1 to 4.9155 baht.

    China Foreign Exchange Trading Center

    November 7, 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.