MNI: PBOC Sets Yuan Parity Flat At 6.9228 Fri; +6.20% Y/Y
Feb-27 01:20
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate flat at 6.9228 on Friday, compared with 6.9228 set on Thursday. The fixing was estimated at 6.8435 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 6.9228 | 8.1208 | 4.4216 |
| Prev. Fixing | 6.9228 | 8.1462 | 4.4208 |
| Prev. Official Close | 6.8397 | -- | -- |
| % Chg Y/Y | +6.20 | -6.77 | +9.56 |
| % Chg Since Jan. 1 | +2.18 | +1.01 | +1.00 |
| % Chg Since July '05 | +19.55 | -- | -- |
The PBOC started setting daily central parity rates on Jan 4, 2007.
On July 21, 2005, China switched to a managed-float formula against a basket of currencies, weakening the yuan's peg to the dollar.
Since March 17, 2014, the yuan has been allowed to move 2% in a range on either side of the daily fixing against the dollar.
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