USD/CNY fix: 6.3716 vs the prev fix of 6.3675

In latest change today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.3716 vs the preceding restore of 6.3675 and the prior shut of 6.3670.

About the fix
China continues strict manipulate of the yuan’s price on the mainland.

The onshore yuan (CNY) differs from the offshore one (CNH) in buying and selling restrictions, this final one is no longer 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 degree and quotations taken from the inter-bank dealer.

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