July 22, 2022 - 12:40 PM 303 views
The People's Bank of China (PBOC) set the Yuan (CNY) at 6.7522 today in recent activity, vs an estimated 6.7485 and the previous 6.7620.
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.
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: Check Out Here