USD/CNY fix: 6.7421 vs. 6.7854 previously.

In today’s latest trade, the People’s Bank of China (PBOC) fixed the Yuan (CNY) currency at 6.7421 in comparison with the previous fix at 6.7854, and the last day’s close was at 6.7376 points.

May 18, 2022 - 02:39 PM 251 views

USD/CNY fix: 6.7421 vs. 6.7854 previously.

Market News

© USD/CNY fix: 6.7421 vs. 6.7854 previously.

Free Enquiry Now

     In today’s latest trade, the People’s Bank of China (PBOC) fixed the Yuan (CNY)      currency at 6.7421 in comparison with the previous fix at 6.7854, and the last          day’s close was at 6.7376 points.

      About the Fixation

China continues to maintain strict limitations on the Yuan’s currency (CNY) on the mainland.

While the onshore Yuan (CNY) currency always differs from the off-shore currency in the FX trading limitations, the latter is not strictly controlled.

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

 

Share With -

 

No comments yet for this post

Please Login to comment this article.

If not a registered user yet, Please signup here