CNY fix: 6.3521 vs the estimated 6.3522

In current alternate today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3521 vs the estimated 6.3522 and the preceding 6.3599.

About the fix
China keeps strict manage of the yuan’s price on the mainland.

The onshore yuan (CNY) differs from the offshore one (CNH) in buying and selling restrictions, this closing one is now not as tightly controlled.

Each morning, the People’s Bank of China (PBOC) units a so-called day by day midpoint fix, primarily based on the yuan’s preceding day closing stage and quotations taken from the inter-bank dealer.


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