USD/CNY fix: 6.4730 vs last close 6.4759

In current exchange today, the People’s Bank of China (PBOC) set the yuan (CNY) at 6.4730 vs the final shut of 6.4759.

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 ultimate one is no longer as tightly controlled.

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

admin

Read Previous

PBOC set to bolster small businesses, injects CNY40 billion via Reverse Repos

Read Next

Aussie CAPEX smashes estimates but well below prior

Leave a Reply

Your email address will not be published. Required fields are marked *