June 28, 2022 - 12:11 PM 253 views
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.
Learn to Trade with
Best and Trusted Global Broker
Start your journey with us and learn from basic to advance with one to one training session. Get full knowledge about the market from our expert team and become expert in market.
Free Enquiry Now: Click Here