MNI: PBOC Sets Yuan Parity Lower At 7.1366 Tues; -0.03% Y/Y
Aug-05 01:48
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1366 on Tuesday, compared with 7.1395 set on Monday. The fixing was estimated at 7.1683 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1366 | 8.2750 | 4.8709 |
| Prev. Fixing | 7.1395 | 8.2695 | 4.8576 |
| Prev. Official Close | 7.1766 | -- | -- |
| % Chg Y/Y | -0.03 | -5.69 | -0.08 |
| % Chg Since Jan. 1 | +1.70 | -9.47 | -5.31 |
| % Chg Since July '05 | +15.97 | -- | -- |
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.
