USD/CNY fix: 6.7487 vs. 6.7524 previously.

In today’s recent forex trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7487 points in comparison with the last day’s fix at 6.7524 levels, and the previous day, the FX trade closed at 6.7107 points.

May 20, 2022 - 11:53 AM 252 views

USD/CNY fix: 6.7487 vs. 6.7524 previously.

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© USD/CNY fix: 6.7487 vs. 6.7524 previously.

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In today’s recent forex trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7487 points in comparison with the last day’s fix at 6.7524 levels, and the previous day, the FX trade closed at 6.7107 points.

About the Fixation

On the mainland, China manages strictly to control the Yuan’s currency rate.

In trading limitations, the onshore Yuan (CNY) currency is always distinguished from the offshore Yuan currency (CNY), but the latter one 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 currency last day’s closing value and different types of quotations taken from the inter-bank dealer.

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