MNI: PBOC Sets Yuan Parity Lower At 6.8649 Thurs; +7.14% Y/Y
Apr-09 01:26
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.8649 on Thursday, compared with 6.8680 set on Wednesday. The fixing was estimated at 6.8300 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 6.8649 | 7.9754 | 4.3158 |
| Prev. Fixing | 6.8680 | 7.9990 | 4.3169 |
| Prev. Official Close | 6.8274 | -- | -- |
| % Chg Y/Y | +7.14 | -0.75 | +13.91 |
| % Chg Since Jan. 1 | +2.37 | +2.85 | +3.48 |
| % Chg Since July '05 | +20.56 | -- | -- |
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.
