Compared to the Estimate of 6.7416 and the Preceding 6.7447, the USD/CNY Fix is 6.7451.

In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7451 points in comparison with the estimated one at 6.7416 points, and the preceding day’s Yuan currency (CNY) was traded at 6.7447 points.

July 19, 2022 - 12:07 PM 254 views

Compared to the Estimate of 6.7416 and the Preceding 6.7447, the USD/CNY Fix is 6.7451.

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© Compared to the Estimate of 6.7416 and the Preceding 6.7447, the USD/CNY Fix is 6.7451.

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In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7451 points in comparison with the estimated one at 6.7416 points, and the preceding day’s Yuan currency (CNY) was traded at 6.7447 points.

About the Fixation

China manages stern control over the Yuan’s currency rate on the mainland.

The onshore Yuan currency (CNY) is always differentiated from the offshore Yuan (CNH) in the trading limitations, but the latter one is not as 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 currency, the preceding day’s value, and the various kinds of quotations taken from the inter-bank dealer.

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