Authorized by the People's Bank of China, the China Foreign Exchange Trade System announced interbank RMB central parity rates for August 11, 2026 of RMB 6.7900 per US dollar and RMB 7.8153 per euro. The RMB–ringgit central parity rate, relevant to purchasing from Malaysia, was 0.60365 ringgit per RMB 1.
Data date: August 11, 2026 | Release time: 09:25
Central parity rates for major currencies on August 11
Central parity versus transaction rates
Central parity is an official reference for the interbank foreign-exchange market, not a bank's real-time bid or ask for a particular business. Actual foreign-exchange transactions are also affected by timing, bank spreads, customer credit, financing arrangements and the currency-conversion route.
Spot prices fluctuate during the day, and bank quotes to businesses distinguish buying from selling. Importers purchasing foreign currency to pay suppliers usually focus on the bank's foreign-currency selling rate; exporters converting foreign-currency receipts focus on the bank's buying rate. Recording only an exchange rate without its direction makes later differences between budgeted and actual costs difficult to explain.
The official RMB–ringgit quote runs in the opposite direction to the US dollar–RMB quote. For a purchasing contract denominated in ringgit, an internal system may need to take the reciprocal or cross-convert through US dollars. Different conversion routes may also involve two spreads, so contract currency and actual payment currency must be listed separately in the costing sheet.
First confirm the contract currency, payment date and amount.
Use it as an internal calculation baseline and record the data date.
Distinguish buying rates, selling rates, forward rates and associated fees.
Use transaction confirmations and contract terms to establish the final accounting basis.
Exchange rates and import costs
The exchange-rate impact on import costs depends on the unpaid foreign-currency amount, not the full contract value. For an unpaid US$100,000 invoice, an internal scenario calculation at 6.7900 gives approximately RMB 679,000; every 0.01 change in the US dollar–RMB rate changes that amount by about RMB 1,000. This example excludes bank spreads, fees, financing costs and taxes, and does not forecast exchange-rate direction.
Deposits, shipment payments and final payments under installment contracts correspond to different expected dates. Amounts already purchased or hedged cannot be combined with open exposures; otherwise, even a correct total can overstate or understate the actual exchange-rate risk.
Recording basis for import cost calculations
Internal costing sheets can record product prices, exchange-rate assumptions, freight, taxes and payment milestones in separate columns. Official central parity is useful as daily context, but should not be presented as a customer's settlement rate or used to predict subsequent direction.
