Fix for USD/CNY: 6.6930 Versus the Previous Closing of 6.6940

In today’s new trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.6930 points in comparison with the preceding day’s trade was closed at 6.6940 points.

June 28, 2022 - 12:11 PM 253 views

Fix for USD/CNY: 6.6930 Versus the Previous Closing of 6.6940

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© Fix for USD/CNY: 6.6930 Versus the Previous Closing of 6.6940

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In today’s new trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.6930 points in comparison with the preceding day’s trade was closed at 6.6940 points.

About the Fixation

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

The onshore Yuan (CNY) currency is always differentiated with the off-shore Yuan (CNH) in 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 preceding day’s closed value and the various kinds of quotations taken from the inter-bank dealer.

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