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The midpoint exchange rate of the RMB to USD is 6.8589, down 10 basis points from the previous day.
The midpoint of the RMB to USD exchange rate is quoted at 6.8589, down 10 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 interbank foreign exchange market makers.
All market maker quotes are used 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 to obtain the midpoint.
The RMB exchange rate midpoint is the most important reference indicator for the spot interbank foreign exchange market and bank-listed exchange rates.