1, the benchmark price of RMB exchange rate will be announced before July 2, 20051. After the reform of RMB exchange rate formation mechanism on July 2 1 RMB, the People's Bank of China announced the closing price of RMB against USD and other trading currencies in the inter-bank foreign exchange market on that day after the market closed every working day, as the middle price of RMB trading on the next working day. 65438+From April 4th, 2006 10, the People's Bank of China authorized China Foreign Exchange Trading Center to announce the central parity of RMB against USD, EUR, JPY and HKD at 9: 00 every working day as the central parity of spot foreign exchange market (including off-site and matchmaking methods) and bank counter trading exchange rate. (From July 2004 1 2065438, banks can independently list the exchange rates of RMB against various currencies according to market demand and pricing power. There is no limit to the price of cash treasure's listing and trading, and it can be priced independently according to market supply and demand. )

2. Announce the exchange rate of RMB against Euro from April 2, 2002.

3. The formation mode of the middle price has also changed from the closing price guidance mode in 2005 to the opening price inquiry mode.

4. Announce the exchange rate price of RMB against GBP from August 2006 1.

From August, 2065438 19, the central parity of RMB against ringgit was announced.

6.2010165438+10.22, the central parity of RMB against ruble will be announced.

7.2011165438+1The central parity of RMB against Australian dollar and Canadian dollar was announced on October 28th.

8. The central parity of RMB against ringgit and ruble is indirectly priced, that is, how much ringgit and ruble RMB 100 is exchanged for. The central parity of RMB against the other five currencies is still the direct quotation, that is, how much RMB is converted from 100 foreign currency.

9. On August 1 1, 2005, the People's Bank of China decided to improve the quotation of the central parity rate of RMB against the US dollar. From now on, market makers will refer to the closing exchange rate of the inter-bank foreign exchange market on the previous day, comprehensively consider the foreign exchange supply and demand situation and the exchange rate changes of major international currencies, and provide the China Foreign Exchange Trading Center with a mid-price quotation.