USD/CNY Fix: 6.6651 vs 6.6720 (The Last Day’s Closed Value)

In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency rate (CNY) at 6.6651 points in comparison with the previous day’s trade, which closed at 6.6720 points.

June 01, 2022 - 12:56 PM 248 views

USD/CNY Fix: 6.6651 vs 6.6720 (The Last Day’s Closed Value)

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© USD/CNY Fix: 6.6651 vs 6.6720 (The Last Day’s Closed Value)

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In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency rate (CNY) at 6.6651 points in comparison with the previous day’s trade, which closed at 6.6720 points.

 About the Fixation

 China manages the strict control of the Yuan’s currency rate (CNY) on the mainland.

 In trading limitations, the onshore Yuan currency (CNY) is always differentiated from the            offshore Yuan currency (CNH), but the latter one is not as rigidly managed.

On each morning, the People’s Bank of China (PBOC) fixes the daily-midpoint fix, which is based on the Yuan’s currency last day's closing value and various types of quotations taken from the interbank dealer.

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