The midpoint rate of RMB to USD is 6.9590, down 20 points from the previous day

The midpoint of the RMB to USD exchange rate is 6.9590, down 20 basis points from the previous day.
Note: The RMB midpoint rate is determined by the China Foreign Exchange Trading Center, which solicits quotes from all market makers in the interbank foreign exchange market before the market opens each day. All quotes are used as samples to calculate the midpoint rate, with the highest and lowest quotes removed, and the remaining quotes weighted and averaged. The RMB midpoint rate is the most important reference indicator for the spot interbank foreign exchange market and bank bid rates.

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