USD/CNY fix: 6.6607 vs. 6.6615 previous close

In today’s latest trade, the People’s Bank of China (PBOC) fixed the Yuan (CNY) currency rate at 6.6607 points in comparison with the US dollar (USD), and the last price traded at 6.6615 points.

May 31, 2022 - 10:36 AM 279 views

USD/CNY fix: 6.6607 vs. 6.6615 previous close

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© USD/CNY fix: 6.6607 vs. 6.6615 previous close

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In today’s latest trade, the People’s Bank of China (PBOC) fixed the Yuan (CNY) currency rate at 6.6607 points in comparison with the US dollar (USD), and the last price traded at 6.6615 points.

About the Fixation

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

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

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

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