USD/CNY fixing up 0.35% at 6.9748
May 17, 2023 (China Knowledge) - The central parity rate of USD/CNY set at 6.9748 this morning 09:15, up 0.35% from yesterday's 6.9506.
This rate is set by the China Foreign Exchange Trade System that first enquires prices from all market makers before the opening of the market on each business day at 09:15 BJT. The weighted average from these sources is determined by the CFETS in line with the transaction volumes of the respective market makers as well as other indicators.
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