历史上，中国人民银行每天都会在毫不顾及市场情绪的情况下制定一个人民币汇率；只允许人民币在极窄的限定范围内进行交易。
Historically, the People’s Bank of China (PBOC) had fixed the renminbi’s exchange rate on a daily basis, without regard to underlying market sentiment; and it had allowed for the renminbi to trade only within very narrow limits.