We get the USD/CNY daily setting Monday to Friday from the People's Bank of China.

Once a week, though, the China Foreign Exchange Trade System (a unit of the PBOC) gives us the rate for the RMB against its basket. CFETS manages the RMB basket, which contains the currencies of 13 of China's major trading partners.

  • On Friday it was set at a stronger level for the 2nd consecutive week, at 97.35
  • The trend is for a lower yuan here though, as you can see from the chart:

(Note, the launch of the basket was in December (of 2015))