MNI: PBOC Sets Yuan Parity Lower At 7.0836 Fri; +1.67% Y/Y
Nov-07 01:28
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.0836 on Friday, compared with 7.0865 set on Thursday. The fixing was estimated at 7.1151 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.0836 | 8.1892 | 4.6412 |
| Prev. Fixing | 7.0865 | 8.1621 | 4.6126 |
| Prev. Official Close | 7.1219 | -- | -- |
| % Chg Y/Y | +1.67 | -7.03 | -0.16 |
| % Chg Since Jan. 1 | +2.48 | -8.53 | -0.62 |
| % Chg Since July '05 | +16.83 | -- | -- |
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.
