USD/CNY Fix: 6.7095 Vs 6.6858 (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 6.7095 points in comparison with the previous day’s trade, which closed at 6.6858 points.

June 02, 2022 - 10:41 AM 270 views

USD/CNY Fix: 6.7095 Vs 6.6858 (the last day’s closed value)

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© USD/CNY Fix: 6.7095 Vs 6.6858 (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 6.7095 points in comparison with the previous day’s trade, which closed at 6.6858 points.

        About the Fixation

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

        The onshore Yuan currency (CNY) is always differentiated from the offshore                  Yuan  (CHN) 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 daily mid-          point value, which is based on the Yuan’s preceding day’s closing points and                various types of quotations taken from the inter-bank dealer.

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