MNI: PBOC Sets Yuan Parity Higher At 7.1128 Fri; -1.29% Y/Y
Sep-19 01:29
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1128 on Friday, compared with 7.1085 set on Thursday. The fixing was estimated at 7.1174 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1128 | 8.3834 | 4.8076 |
| Prev. Fixing | 7.1085 | 8.4025 | 4.8396 |
| Prev. Official Close | 7.1079 | -- | -- |
| % Chg Y/Y | -1.29 | -6.64 | +2.08 |
| % Chg Since Jan. 1 | +2.69 | -10.65 | -4.06 |
| % Chg Since July '05 | +16.35 | -- | -- |
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.
