MNI: PBOC Sets Yuan Parity Lower At 7.0358 Fri; +4.32% Y/Y
Dec-26 01:31
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.0358 on Friday, compared with 7.0392 set on Thursday.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.0358 | 8.2747 | 4.4998 |
| Prev. Fixing | 7.0392 | 8.2825 | 4.5047 |
| Prev. Official Close | 7.0066 | -- | -- |
| % Chg Y/Y | +4.32 | -10.04 | +2.37 |
| % Chg Since Jan. 1 | +4.17 | -9.47 | +2.50 |
| % Chg Since July '05 | +17.63 | -- | -- |
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.
