In recenttrade today, the Peoples Bank of China (PBOC) set theyuan (CNY) at6.7584 vs. the final close of6.7508.
Concerning the fix
China maintains strict control of the yuans rate on the mainland.
The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions,this last one isn’t as tightly controlled.
Every day, the Peoples Bank of China (PBOC) sets a so-called daily midpoint fix, in line with the yuans previous day’s closing level and quotations extracted from the inter-bank dealer.
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