USD/CNY fix: 6.7524 vs. 6.7510 forecast

In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7524 in comparison with the predicted 6.7510 and the previous close was at 6.7530. About the

May 19, 2022 - 02:07 PM 244 views

2.	USD/CNY fix: 6.7524 vs. 6.7510 forecast

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© 2. USD/CNY fix: 6.7524 vs. 6.7510 forecast

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In today’s recent trade, the People’s Bank of China (PBOC) fixed the Yuan currency (CNY) at 6.7524 in comparison with the predicted 6.7510 and the previous close was at 6.7530.

About the Fixation

On the mainland, China manages a stern discipline on the Yuan’s currency price (CNY).

The onshore Yuan currency (CNY) is always differentiated from the off-shore one, but the latter one is not as firmly restricted.

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

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