1月20日汇率中间价：1美元对人民币7.0006元，1欧元对人民币8.1186元

Core Viewpoint - The People's Bank of China has announced the central exchange rates for the Renminbi against various currencies as of January 20, 2026, indicating a stable exchange rate environment for the Renminbi [1]. Group 1: Exchange Rates - The central exchange rate for 1 US dollar is set at 7.0006 Renminbi, while 1 Euro is at 8.1186 Renminbi [1]. - Other notable exchange rates include 100 Japanese Yen at 4.4087 Renminbi, 1 British Pound at 9.3527 Renminbi, and 1 Australian Dollar at 4.6740 Renminbi [1]. - The exchange rates for several other currencies are also provided, such as 1 Canadian Dollar at 5.0219 Renminbi and 1 Swiss Franc at 8.7380 Renminbi [1]. Group 2: Exchange Rate Formation Mechanism - The central exchange rate for the Renminbi against the Hong Kong Dollar is determined based on the daily Renminbi to US Dollar exchange rate and the Hong Kong Dollar to US Dollar rate [2]. - For other currencies like the Euro, Yen, and Pound, the exchange rates are formed by averaging the quotes from market makers after excluding the highest and lowest bids [2]. - This mechanism ensures that the exchange rates reflect the market conditions accurately by using a systematic approach to gather and average quotes [2].