USD/CNY Fix: 6.6691 vs 6.6600 (The Last Day’s Close Value)

In today’s current trade, the People’s Bank of China (PBOC) fixed the Yuan currency rate (CNY) at 6.6691 points in comparison with the previous day’s Yuan currency (CNY) traded at 6.6600 points.

June 06, 2022 - 12:10 PM 241 views

USD/CNY Fix: 6.6691 vs 6.6600 (The Last Day’s Close Value)

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© USD/CNY Fix: 6.6691 vs 6.6600 (The Last Day’s Close Value)

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In today’s current trade, the People’s Bank of China (PBOC) fixed the Yuan currency rate (CNY) at 6.6691 points in comparison with the previous day’s Yuan currency (CNY) traded at 6.6600 points.

About the Fixation

China maintains tight control over the Yuan currency rate (CNY) on the mainland.

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

On each morning, the People’s Bank of China (PBOC) fixes a so-called mid-point fix, which depends on the Yuan’s currency (CNY) preceding day's closing value and various kinds of quotations taken from the inter-bank dealer.

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