USD/CNY fix: 6.4831 vs the prev close 6.4867
newscatcher
2021-08-11 01:30
USD/CNY fix: 6.4831 vs the prev close 6.4867
In recent trade today, the People's Bank of China (PBOC) set the yuan (CNY) reference rate at 6.4831 vs the previous fix at 6.4842  and the prev close at 6.4867. China maintains strict control of the yuan's rate on the mainland. The onshore yuan (CNY) differs from the offshore one (CNH) in trading restrictions, this last one is not as tightly controlled. 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.

https://www.fxstreet.com/news/usd-cny-fix-64831-vs-the-prev-close-64867-202108110122

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