USD/CNY Fix : 6.6766 (Predicted 6.6742 ; prior 6.6550)

In today's recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.6766 points in comparison with the predicated of 6.66742 points, and on the previous day it was closed at 6.6550 points.

May 26, 2022 - 11:34 AM 291 views

USD/CNY Fix : 6.6766 (Predicted 6.6742 ; prior 6.6550)

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© USD/CNY Fix : 6.6766 (Predicted 6.6742 ; prior 6.6550)

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In today's recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.6766 points in comparison with the predicated of 6.66742 points, and on the previous day it was closed at 6.6550 points.

About the Fixation

In the mainland, China manages stern limitations on the Yuan’s currency rate (CNY).

In trading limitations, the onshore Yuan currency (CNY) is always differentiated from the off-shore Yuan currency (CNY), but the latter one is not strictly controlled.

On each morning, the People’s Bank of China (PBOC) fixes a so-called daily midpoint fix, which is based on the preceding day's closing level and various types of quotations taken from the inter-bank dealer.

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