On September 21, China Foreign Exchange Trading Center was authorized to announce the midpoint of RMB exchange rate.

Published: Sep 21, 2020 09:39 (GMT+8)

Source: Monetary Policy Department

Save

The midpoint of RMB exchange rate in the interbank foreign exchange market is: 1 US dollar to RMB 6.7595, 1 euro to RMB 8.0128, and 100 yen to RMB 6.4679.

SMM: the people's Bank of China authorized the China Foreign Exchange Trading Center to announce that the midpoint of the RMB exchange rate in the interbank foreign exchange market on September 21, 2020 is: 1 US dollar to RMB 6.7595 yuan, 1 euro to RMB 8.0128 yuan, 100 yen to RMB 6.4679 yuan, 1 Hong Kong dollar to RMB 0.87219 yuan, 1 pound to RMB 8.7482 yuan, 1 Australian dollar to RMB 4.9341 yuan, 1 New Zealand dollar to RMB 4.5718, 1 Singapore dollar to RMB 4.9774, 1 Swiss franc to RMB 7.4233, 1 Canadian dollar to RMB 5.1236, RMB 1 to 0.60840 ringgit, RMB 1 to 11.1715 Russian rouble, RMB 1 to 2.4100 South African rand, RMB 1 to 171.97 won, RMB 1 to United Arab Emirates dirhams, RMB 1 to 0.55492 Saudi riyals, RMB 1 to 44.9741 Hungarian forint, 1 yuan to 0.55615 Polish zloty, 1 yuan to 0.9288 Danish kronor, 1 yuan to 1.2971 Swedish kronor, 1 yuan to 1.3450 Norwegian kronor, 1 yuan to 1.11923 Turkish lira, 1 yuan to 3.1235 Mexican pesos, 1 yuan to 4.5971 Thai baht.

China Foreign Exchange Trading Center

September 21, 2020

RMB exchange rate

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 hours ago

Ghana draft bill proposes state special share and shorter mining leases

[SMM Gold Flash] A draft mining bill reviewed by Reuters on 30 September would let Ghana’s mines minister require companies to issue the state a free special share with consent rights over major transactions. It would retain the existing 10% free-carried state interest and limit mining leases to 15 years or the projected mine life, whichever is shorter. The draft would also allow future rules requiring local processing and restricting exports of unprocessed concentrates. None of these proposals has been enacted; Reuters did not establish when the draft was prepared. For Ghana’s gold miners, the proposed rights and shorter leases could affect financing, valuations and renewal decisions. Under the draft, existing rights holders seeking renewal would receive priority consideration for equivalent licences. Mining companies expect further consultation before parliamentary debate, Reuters reported. The final wording and timing remain uncertain.

18 hours ago

PGMs: Independent tests advance platinum and palladium battery technology

[SMM PGM Flash] Platinum Group Metals said on 1 October that independent testing by the Battery Innovation Center had validated its Lion Battery subsidiary’s platinum- and palladium-based electrodes in prototype lithium-sulphur cells. Compared with cells without the catalysts, the prototypes showed better capacity and rate capability, with palladium-rich formulations performing best overall. Platinum Group and Valterra Platinum, which own Lion 52% and 48% respectively, have approved funding for the next phase. The result offers a possible new use for PGMs beyond vehicle exhaust catalysts, but remains a prototype milestone. Lion plans to make and test pouch cells, refine the catalysts and assess applications including drones. Commercial performance and demand for significant PGM volumes have yet to be established. The work is relevant to Southern African suppliers: Valterra produces PGMs in South Africa and Zimbabwe, while Platinum Group is developing South Africa’s Waterberg project.

18 hours ago

Oct 01, 2026 16:45 (GMT+8)

Sibanye reaches East Boulder wage agreement; separate US strike continues

[SMM PGM Flash] Sibanye-Stillwater announced on 30 September that workers at its East Boulder platinum and palladium mine in Montana had ratified a collective agreement with the United Steelworkers. The deal runs retroactively from 1 August 2026 to 31 July 2029, with a 4.5% wage increase in year one, the greater of 3.5% or CPI in year two and the greater of 3.0% or CPI in year three. Strike action at the separate Stillwater East mine and Columbus metallurgical facility continues, the company said. The East Boulder settlement fixes part of the labour-cost path for Sibanye’s US PGM business and supports its planned shift towards more mechanised mining and team-based incentives. It does not resolve the other strike or demonstrate a recovery in output; the company disclosed no revised production guidance in this release.

Oct 01, 2026 16:45 (GMT+8)