MNI: PBOC Sets Yuan Parity Higher At 7.1522 Mon; +0.61% Y/Y
Jul-21 01:41
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1522 on Monday, compared with 7.1498 set on Friday. The fixing was estimated at 7.1786 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1522 | 8.3228 | 4.8255 |
| Prev. Fixing | 7.1498 | 8.3151 | 4.8262 |
| Prev. Official Close | 7.1766 | -- | -- |
| % Chg Y/Y | +0.61 | -6.76 | -3.39 |
| % Chg Since Jan. 1 | +1.70 | -9.99 | -4.42 |
| % Chg Since July '05 | +15.71 | -- | -- |
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.
