June 10, 2022 - 11:35 AM 244 views
In today’s new trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.6994 points in comparison with the preceding day’s trade, which closed at 6.6920 points.
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 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 daily mid-point fix, which is based on the preceding day’s closing value and various kinds of quotations taken from the inter-bank dealer.
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