MNI: PBOC Sets Yuan Parity Lower At 7.0103 Tues; +5.13% Y/Y
Jan-13 01:19
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.0103 on Tuesday, compared with 7.0108 set on Monday. The fixing was estimated at 6.9748 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.0103 | 8.1463 | 4.4222 |
| Prev. Fixing | 7.0108 | 8.1400 | 4.4267 |
| Prev. Official Close | 6.9742 | -- | -- |
| % Chg Y/Y | +5.013 | -8.51 | +3.93 |
| % Chg Since Jan. 1 | +0.21 | +0.69 | +0.99 |
| % Chg Since July '05 | +18.06 | -- | -- |
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.
