USD/CNY fix: 6.7048 vs. 6.6980 last close

In today’s latest trade, the People’s Bank of China (PBOC) fixed the Yuan (CNY) currency at 6.7048 points in comparison with the previous day's close at 6.6980 points.

May 30, 2022 - 10:48 AM 279 views

USD/CNY fix: 6.7048 vs. 6.6980 last close

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© USD/CNY fix: 6.7048 vs. 6.6980 last close

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In today’s latest trade, the People’s Bank of China (PBOC) fixed the Yuan (CNY) currency at 6.7048 points in comparison with the previous day's close at 6.6980 points.

About the Fixation

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

In the trading limitations, the on-shore Yuan currency (CNY) is always differentiated from the off-shore Yuan currency (CNY), but the latter one is not as rigidly managed.

Every morning, the People’s Bank of China (PBOC) fixes the so-called daily mid-point fix, which is based on the last day’s Yuan’s currency closing value and various quotations taken from the inter-bank dealer.

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