MNI: PBOC Sets Yuan Parity Higher At 7.2095 Fri; -0.22% Y/Y
May-09 01:41
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.2095 on Friday, compared with 7.2073 set on Thursday. The fixing was estimated at 7.2520 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.2095 | 8.1118 | 4.9518 |
| Prev. Fixing | 7.2073 | 8.1596 | 5.0202 |
| Prev. Official Close | 7.2355 | -- | -- |
| % Chg Y/Y | -0.22 | -4.46 | -6.62 |
| % Chg Since Jan. 1 | +0.87 | -7.65 | -6.86 |
| % Chg Since July '05 | +14.79 | -- | -- |
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.
