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The reference rate for the USD/CNY today was estimated at 7.1788 with the People’s Bank of China’s counter-cyclical factor” (CCF) included and 7.1954 without.

People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.

  • USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.
  • CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.
  • A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.

The previous close was 7.2095

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