CNY fixing rate

nike61062x · June 10th, 2014, 4:44 pm

Hi, I have seen/read about models used to predict the USDCNY FX fixing rate used in the NDF markets. I believe some people have been able to predict the direction of the fixing (compared to the previous day) successfully over 80% of the time. Has anyone had experience with these models, or have an idea of what the PBOC could be using to help fix USDCNY. I have heard that it is a combination of the value of oil, HKD, USD, EUR, KRW, and other large components of the China GDP. Any ideas or comments would be welcome as I try to predict the fix myself.Thanks