MNI: PBOC Sets Yuan Parity Higher At 7.0864 Thurs; +0.93% Y/Y
Oct-30 01:54
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.0864 on Thursday, compared with 7.0843 set on Wednesday. The fixing was estimated at 7.1065 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.0864 | 8.2334 | 4.6492 |
| Prev. Fixing | 7.0843 | 8.2582 | 4.6613 |
| Prev. Official Close | 7.0991 | -- | -- |
| % Chg Y/Y | +0.93 | -6.65 | -0.20 |
| % Chg Since Jan. 1 | +2.81 | -9.02 | -0.79 |
| % Chg Since July '05 | +16.79 | -- | -- |
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.
