MNI: PBOC Sets Yuan Parity Higher At 7.1741 Tues; -1.02% Y/Y
Mar-11 01:27
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1741 on Tuesday, compared with 7.1733 set on Monday. The fixing was estimated at 7.2639 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1741 | 7.8118 | 4.9195 |
| Prev. Fixing | 7.1733 | 7.8093 | 4.8847 |
| Prev. Official Close | 7.2649 | -- | -- |
| % Chg Y/Y | -1.02 | -0.70 | -2.16 |
| % Chg Since Jan. 1 | +0.47 | -4.11 | -6.24 |
| % Chg Since July '05 | +15.36 | -- | -- |
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.
