USD/CNY fix: 6.8694 vs. the 6.8701 estimated – by fx_ross USDCNY PBOC Currencies
In recent trade today, the People’s Bank of China set the yuan at 6.8694 vs. the estimate of 6.8701. The onshore yuan differs from the offshore one in trading restrictions, this last one is not as tightly controlled.
Each morning, the People’s Bank of China sets a so-called daily midpoint fix, based on the yuan’s previous day's closing level and quotations taken from the inter-bank dealer.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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