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China's Yuan Fixing Explained
3:07 · 8 chapters · Forex lessons, part 101
What you'll learn
One number every morning at 01:15 GMT can move USD/CNH hundreds of pips. China's yuan fixing explained in under 3 minutes.
Go further with our written guide on this topic, browse all the free Learn Forex lessons, or check today's market in our forex news.
- Key point 1
- What the daily yuan fixing is and when it is published
- Key point 2
- How the formula and the counter-cyclical factor shape the rate
- Key point 3
- Why the gap between the fixing and model estimates is the signal
- Key point 4
- How the 2% onshore band works, and why offshore CNH has none
- Key point 5
- How to handle USD/CNH risk around the fixing
Rules and limits from regulators and official sources; every price, account and chart in the video is an example. Education, not financial advice.
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The video is presented by an animated host with a computer-generated voice; the research and checks are by the FX Recap team. Risk warning: forex and CFD trading carries a high risk of losing money because of leverage, and most retail accounts lose money. This is education and review, not financial advice. FX Recap may earn a commission from some broker links; see our affiliate disclosure.