6.7387 USD/CNY fix (est 6.7314; prev 6.6766)

In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7387 points, in comparison with the forecast of 6.7314 points, and the previous day it was traded at 6.766 points.

May 27, 2022 - 06:07 PM 215 views

6.7387 USD/CNY fix (est 6.7314; prev 6.6766)

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© 6.7387 USD/CNY fix (est 6.7314; prev 6.6766)

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In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7387 points, in comparison with the forecast of 6.7314 points, and the previous day it was traded at 6.766 points.

About the Fixation

On the mainland, China manages stern control of the Yuan’s currency rate (CNY).

The onshore Yuan currency (CNY) is always differentiated from the offshore Yuan currency (CNY) in trading limitations, but the latter one is not rigidly managed.

On each morning, the People’s Bank of China (PBOC) fixes a so-called daily mid-point fix, which is based on the Yuan‘s last day's closing value and various kinds of quotations taken from the inter-bank dealer.

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