MNI: PBOC Sets Yuan Parity Lower At 7.1441 Weds; -0.53% Y/Y
Jul-30 01:27
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1441 on Wednesday, compared with 7.1511 set on Tuesday. The fixing was estimated at 7.1736 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1441 | 8.2703 | 4.8238 |
| Prev. Fixing | 7.1511 | 8.3063 | 4.8225 |
| Prev. Official Close | 7.1765 | -- | -- |
| % Chg Y/Y | -0.53 | -5.51 | +1.72 |
| % Chg Since Jan. 1 | +1.70 | -9.42 | -4.38 |
| % Chg Since July '05 | +15.84 | -- | -- |
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.
