VOT Research Desk
The People’s Bank of China (PBOC) put the yuan (CNY) at 6.9343 today, down from its previous close of 6.9520.
The most, to the, ample of the offshore yuan (CNH), which is less heavily regulated than the onshore yuan (CNY), has different trading regulations.
The People’s Bank of China (PBOC) establishes a so-called daily midpoint fix every morning based on the yuan’s closing level from the previous day and quotes obtained from the inter-bank dealer.
