PBOC Sets Yuan Parity At 6.2822 Against Dollar, Strongest Since Aug 2015
The People's Bank of China set the yuan parity rate against the dollar at 6.2822 on Thursday, the strongest since Aug. 11, 22015 and unchanged from yesterday.
The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the dollar/yuan rate to move no more than 2% above or below the central parity rate