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The midpoint of the RMB to USD exchange rate is 6.9088, up 148 points from the previous day.
The midpoint of the RMB to USD exchange rate is 6.9088, up 148 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. The center takes all quotes, removes the highest and lowest, and calculates a weighted average of the remaining quotes to determine the midpoint rate. The RMB midpoint rate is the most important reference indicator for the spot interbank foreign exchange market and bank bid prices.