MNI: PBOC Sets Yuan Parity Higher At 7.1761 Weds; +1.09% Y/Y
Jun-18 01:30
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1761 on Wednesday, compared with 7.1746 set on Tuesday. The fixing was estimated at 7.2001 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1761 | 8.2558 | 4.9456 |
| Prev. Fixing | 7.1746 | 8.2932 | 4.9612 |
| Prev. Official Close | 7.1838 | -- | -- |
| % Chg Y/Y | +1.09 | -7.09 | -9.13 |
| % Chg Since Jan. 1 | +1.60 | -9.26 | -6.74 |
| % Chg Since July '05 | +15.33 | -- | -- |
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.
