The People's Bank of China sets the exchange rate of the dollar at 7.1882 yuan.

On Monday morning, the People's Bank of China decided to set the exchange rate of the yuan against the US dollar at 7.1882 yuan per dollar, while expectations were indicating a rate of 7.2769 yuan. The closing price of the pair in yesterday's session was 7.273 yuan. The bank also injected 753 billion yuan through repurchase operations in the markets for a period of 7 days, with a yield of 1.5%.

It is worth noting that the People's Bank of China influences the USD exchange rate by pegging the value of its currency—the yuan—to the US dollar, using a fixed exchange rate policy, which differs from the floating exchange rate utilized by the United States and many other countries, allowing for some margin for the Chinese currency to move within a narrow range.

The People's Bank of China manages the value of the yuan by keeping it stable against a basket of currencies from countries that are considered partners with China, and this basket is measured against the USD price since the United States is China's largest trading partner.