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The midpoint of the RMB to USD exchange rate is 6.8959, down 42 basis points from the previous day.
The RMB to USD central parity rate is 6.8959, down 42 pips from the previous day. Note: The RMB central parity rate is obtained by the China Foreign Exchange Trade System, which, before the opening of the interbank foreign exchange market each day, requests quotations from all interbank foreign exchange market makers and uses all market makers’ quotes as the calculation sample for the central parity rate of the RMB against the USD. After removing the highest and lowest quotes, the weighted average of the remaining market makers’ quotes is used. The RMB central parity rate is the most important reference indicator for spot interbank foreign exchange transactions and bank quoted exchange rates.