Fix for USD/CNY: 6.7483 Versus Latest Closure of 6.7520

The People's Bank of China (PBOC) fixed the Yuan (CNY) at.7483 in today's most recent transaction, Vs the previous close of 6.7520 and the estimate of 6.4790.

July 26, 2022 - 11:35 AM 325 views

Fix for USD/CNY: 6.7483 Versus Latest Closure of 6.7520

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© Fix for USD/CNY: 6.7483 Versus Latest Closure of 6.7520

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The People's Bank of China (PBOC) fixed the Yuan (CNY) at.7483 in today's most recent transaction, Vs the previous close of 6.7520 and the estimate of 6.4790.

About the Fixation

On the mainland, China maintains tight control over Yuan exchange rates.

The offshore Yuan (CNH), which is less heavily regulated than the onshore Yuan (CNY), has different trading regulations.

 The People's Bank of China (PBOC) establishes a so-called daily midpoint fix every morning based on the Yuan's closing level from the previous day and quotes obtained from the inter-bank dealer.

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