人行汇率中间价公告英文

The central parity rate of the Chinese renminbi exchange rate against the US dollar was announced by the China Foreign Exchange Trading Center on November 17, 2023. This article will provide a detailed analysis of the relevant knowledge points related to the announcement, along with insights derived from big data.

1. Introduction

The central parity rate is a benchmark value set by the China Foreign Exchange Trading Center, authorized to publish the renminbi exchange rate against major currencies. The central parity rate serves as a reference for market participants to conduct foreign exchange transactions.

2. Data source: China Foreign Exchange Trading Center

The China Foreign Exchange Trading Center is responsible for collecting and analyzing various factors that affect the exchange rate, including economic indicators, market conditions, and international factors. Their analysis is used to determine the central parity rate.

3. Renminbi exchange rate against major currencies

The China Foreign Exchange Trading Center announces the central parity rate for the renminbi against currencies such as the Malaysian ringgit, Russian ruble, South African rand, Korean won, UAE dirham, Saudi riyal, Hungarian forint, Polish złoty, Danish krone, Swedish krona, Norwegian krone, and more.

4. Central parity rate list

The central parity rate list includes the exchange rate of the renminbi against major currencies such as the US dollar, euro, Japanese yen, Hong Kong dollar, British pound, Malaysian ringgit, Russian ruble, Australian dollar, Canadian dollar, New Zealand dollar, Singapore dollar, Swiss franc, South African rand, Korean won, UAE dirham, Israeli shekel, Hungarian forint, Polish złoty, Danish krone, Swedish krona, Norwegian krone, Turkish lira, Mexican peso, Thai baht, and more.

5. Formation mechanism of the central parity rate

The central parity rate is determined by factors such as supply and demand in the foreign exchange market, changes in exchange rates of major currencies, and market conditions. This mechanism ensures that the renminbi exchange rate remains stable and reflects the market's supply and demand.

6. Exchange rate fluctuation limits

The renminbi exchange rate against the US dollar has a fluctuation limit of plus or minus 0.5% from the central parity rate. Similarly, the renminbi exchange rate against other currencies has a fluctuation limit of plus or minus 3% from the central parity rate. These limits aim to maintain stability in the foreign exchange market.

7. Extended trading hours for the RMB forex market

In response to market demand, the China Foreign Exchange Trading Center announced an extension of trading hours for the RMB forex market starting from January 3, 2023. This extension allows for 24-hour trading, facilitating global transactions and providing greater accessibility to the market.

8. RMB exchange rate against the Canadian dollar

The central parity rate of the renminbi against the Canadian dollar is shown in the list as 524.18, while the bank's buying rate is 523.64 and the selling rate is 527.69. These rates indicate the exchange rate for converting RMB to Canadian dollars and vice versa in the foreign exchange market.

In conclusion, the central parity rate announcement by the China Foreign Exchange Trading Center plays a crucial role in determining the renminbi exchange rate against major currencies. The data collected and analyzed by the center, along with the fluctuation limits and extended trading hours, contribute to maintaining stability and enhancing the accessibility of the RMB forex market.