USD/CNY Fix: 6.6811 vs 6.6850 (the last day’s closed value)

In today’s new trade, the People’s Bank of China (PBOC) fixed the Yuan currency rate (CNY) at 6.6811 in comparison with the previous day’s trade, which closed at 6.6850 points.

June 09, 2022 - 11:32 AM 250 views

USD/CNY Fix: 6.6811 vs 6.6850 (the last day’s closed value)

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© USD/CNY Fix: 6.6811 vs 6.6850 (the last day’s closed value)

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In today’s new trade, the People’s Bank of China (PBOC) fixed the Yuan currency rate (CNY) at 6.6811 in comparison with the previous day’s trade, which closed at 6.6850 points.

About the Fixation

On the mainland, China manages a stern control on the Yuan’s currency rate (CNY).

The onshore Yuan currency (CNY) is always differentiated from the off-shore Yuan (CNH) in trading limitations, 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 is based on the Yuan’s last day's closing value and various quotations taken from the inter-bank dealer.


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