USD/CNY fix: 6.5628 vs. 6.5615 previous close

The People’s Bank of China (PBOC) set the Chinese Yuan at 6.5628 today, up from the previous close of 6.5615.

April 28, 2022 - 12:08 PM 279 views

USD/CNY fix: 6.5628 vs. 6.5615 previous close

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© USD/CNY fix: 6.5628 vs. 6.5615 previous close

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The People’s Bank of China (PBOC) set the Chinese Yuan at 6.5628 today, up from the previous close of 6.5615.

About the Fix:

In trading restrictions, the offshore Yuan (CNH) is always different from the onshore Yuan (CNY), but China somehow lost control of the offshore Yuan. As a result, the China market is paying close attention to the Yuan's rate on the mainland.

On the previous day, the People’s Bank of China (PBOC) takes into account the Yuan’s performance and trading levels as well as the quotations from the interbank dealers. Therefore, each morning, the PBOC sets the midpoint fix.

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