USD/CNY fix at 6.3351 vs. 6.3347

Today's trade saw the People's Bank of China set the yuan at 6.3351, compared to the 6.3347 estimate and the closing of 6.3113.

USD/CNY fix at 6.3351 vs. 6.3347

About the fix

China keeps a tight control on the rate of the yuan on the mainland.

Trading restrictions differ between the CNY (onshore yuan) and CNH (offshore yuan). This last one is less tightly controlled.

The People's Bank of China's (PBOC), sets a daily midpoint fix each morning based on the yuan's closing level for the previous day and the quotations from inter-bank dealers.


 

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