The middle price of the US dollar and the RMB is the same value, which is the middle price of the RMB. It is the most important reference index of spot inter-bank foreign exchange market and bank listed exchange rate, and it is also an important index to measure the value of a country's currency. Central parity of exchange rate = (spot foreign exchange buying price+spot foreign exchange selling price/cash) /2.
Generally speaking, the central parity of exchange rate is a data that changes with time. The People's Bank of China authorizes China Foreign Exchange Trading Center to announce the closing price of USD and other trading currencies against RMB in the inter-bank foreign exchange market on that day after the market closes every working day, as the middle price of the currency against RMB on the next working day.
Extended data:
1, the formation of the central parity of RMB against the US dollar is:
China Foreign Exchange Trading Center makes an inquiry to all market makers in the inter-bank foreign exchange market before the daily opening of the inter-bank foreign exchange market, and takes all market makers' quotations as calculation samples of the central parity of RMB against the US dollar. After removing the highest and lowest prices,
After a series of complex operations such as weighted average, the quotations of the remaining market makers are obtained, and the China Foreign Exchange Trading Center determines the central parity of the people against the US dollar on that day according to the trading volume and quotations of the quotations in the inter-bank foreign exchange market.
2. The central parity of RMB against Euro, Japanese Yen, Hong Kong Dollar, British Pound, Australian Dollar, New Zealand Dollar, Singapore Dollar, Swiss Franc, Canadian Dollar, Ringgit, Russian Ruble, South African Rand and Korean Won shall be determined by China Foreign Exchange Trading Center.
According to the central parity rate of RMB against the US dollar on that day and the exchange rates of Euro, Japanese Yen, Hong Kong Dollar, British Pound, Australian Dollar, New Zealand Dollar, Singapore Dollar, Swiss Franc, Canadian Dollar, Ringgit, Russian Ruble, South African Rand and Korean Won in the international foreign exchange market at 9: 00 am.
Baidu encyclopedia-central parity of exchange rate
Baidu encyclopedia-central parity of RMB exchange rate