Zhongxin Finance, April 29 (Li Jinlei) The People's Bank of China authorized the China Foreign Exchange Trade System to announce that the central parity of the RMB exchange rate in the inter-bank foreign exchange market on April 29, 2022 is: 1 US dollar to RMB 6.6177.
This was a sharp drop of 549 basis points from the previous trading day, and it fell back to the era of 6.6 yuan.
Figure from the website of China Foreign Exchange Trade System
In addition, the exchange rate of onshore renminbi and offshore renminbi against the US dollar has also reached the era of 6.6 yuan.
(Finish)