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.
The People’s Bank of China (PBOC) set the value of the yuan (CNY) in today’s most recent transaction at 6.9861 against the previous fix and closure of 6.9818 and 6.9746, respectively.
