MNI: PBOC Sets Yuan Parity Lower At 7.1772 Fri; +1.04% Y/Y
Jun-13 01:19
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1772 on Friday, compared with 7.1803 set on Thursday. The fixing was estimated at 7.1679 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1772 | 8.3083 | 5.0028 |
| Prev. Fixing | 7.1803 | 8.2578 | 4.9763 |
| Prev. Official Close | 7.1824 | -- | -- |
| % Chg Y/Y | +1.04 | -7.56 | -9.29 |
| % Chg Since Jan. 1 | +1.62 | -9.84 | -7.81 |
| % Chg Since July '05 | +15.31 | -- | -- |
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.
