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The midpoint of the RMB to USD exchange rate is 6.8909, up 52 basis points from the previous day.
The RMB to U.S. dollar central parity rate was set at 6.8909, up 52 pips from the previous day. Note: The RMB central parity rate is compiled by the China Foreign Exchange Trade System, which, before the start of the daily interbank foreign exchange market, requests price quotes from all interbank foreign exchange market makers and uses all market makers’ quotes as the calculation sample for the RMB/U.S. dollar central parity rate. After removing the highest and lowest quotes, the remaining market makers’ quotes are weighted and averaged. The RMB exchange rate central parity rate is the most important reference indicator for spot interbank foreign exchange transactions and bank posted exchange rates.