USD/CNY fix: 6.7134 vs. 6.7323 last close

In today’s present trade, the People’s Bank of China (PBOC) fixes the Yuan currency (CNY) at 6.7134 in comparison with the final trade at 6.7323, which is the lowest range since October 30, 2020.

May 10, 2022 - 12:53 PM 258 views

USD/CNY fix: 6.7134 vs. 6.7323 last close

Market News

© USD/CNY fix: 6.7134 vs. 6.7323 last close

Free Enquiry Now

In today’s present trade, the People’s Bank of China (PBOC) fixes the Yuan currency (CNY) at 6.7134 in comparison with the final trade at 6.7323, which is the lowest range since October 30, 2020.

About the Fixation

On the mainland, China maintains tight control over the Yuan's currency rate.

While in the trading restrictions, the offshore Yuan currency (CNY) always differentiate from the Onshore Yuan Currency (CNY) but the former one is not strongly controlled.

Based on the Yuan’s last day's closing price and from the various quotations taken from inter-bank dealers, each morning the People’s Bank of China (PBOC) fixes a so-called daily mid-point fix.

Share With -

 

No comments yet for this post

Please Login to comment this article.

If not a registered user yet, Please signup here