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The midpoint exchange rate of the RMB to USD is 6.8594, up 54 basis points from the previous day.
The midpoint of the RMB to USD exchange rate is quoted at 6.8594, up 54 basis points from the previous day.
Note: The RMB midpoint rate is determined by the China Foreign Exchange Trading Center before the daily interbank foreign exchange market opens, by inquiring all market makers in the interbank foreign exchange market, and using all quotes as samples to calculate the midpoint rate of RMB to USD. After removing the highest and lowest quotes, the remaining quotes are weighted and averaged. The RMB exchange rate midpoint is the most important reference indicator for the spot interbank foreign exchange market and bank listing rates.