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Abstract:In recent trade today, the People’s Bank of China (PBOC) set the yuan mid-point at 6.5558 (est 6.5548; prev 6.5387)
In recent trade today, the Peoples Bank of China (PBOC) set the yuan mid-point at 6.5558 (est 6.5548; prev 6.5387)
About the fixChina maintains strict control of the yuans rate on the mainland, the current known as CNY which differs from its offshore yuan, or CNH, which not as tightly controlled as the onshore yuan.
Each morning, the People‘s Bank of China (PBOC) sets a so-called daily midpoint fix, based on the yuan’s previous day closing level and quotations taken from the inter-bank dealer.
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