MNI: PBOC Sets Yuan Parity Lower At 7.1461 Thurs; +1.34% Y/Y
Jul-17 01:20
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1461 on Thursday, compared with 7.1526 set on Wednesday. The fixing was estimated at 7.1712 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1461 | 8.3207 | 4.8406 |
| Prev. Fixing | 7.1526 | 8.3157 | 4.8134 |
| Prev. Official Close | 7.1776 | -- | -- |
| % Chg Y/Y | +1.34 | -6.54 | -4.75 |
| % Chg Since Jan. 1 | +1.69 | -9.97 | -4.72 |
| % Chg Since July '05 | +15.81 | -- | -- |
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.
