Miniconda cannot create an environment with Python 3.7 installed in it (macOS Monterey M1 chip)

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I am trying to create an environment in miniconda with python 3.7 in my macbook air(macOS Monterey Apple M1 chip) as below,

conda create --new newenv python=3.7

However I get the below error-

PackagesNotFoundError: The following packages are not available from current channels:

  • python=3.7

I have tried conda-forge and got the same error

I understand that this is because of the M1 chip and I have to maybe create osx-64 environment, but is there any easy way to do it?

My need is to create a miniconda environment with python 3.7 in it.

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