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The midpoint exchange rate of the RMB to USD is 6.8975, down 66 basis points from the previous day.
The midpoint of the RMB to USD exchange rate is reported at 6.8975, a decrease of 66 basis points from the previous day.
Note: The midpoint of the RMB exchange rate is determined by the China Foreign Exchange Trade System, which inquiries all market makers in the interbank foreign exchange market before the daily opening. All quotes from market makers are used as samples to calculate the midpoint, with the highest and lowest quotes removed, and the remaining quotes weighted averaged. The RMB exchange rate midpoint is the most important reference indicator for the spot interbank foreign exchange market and bank-listed exchange rates.