MNI: PBOC Sets Yuan Parity Lower At 7.1803 Thurs; +0.98% Y/Y
Jun-12 01:18
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1803 on Thursday, compared with 7.1815 set on Wednesday. The fixing was estimated at 7.1738 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1803 | 8.2578 | 4.9763 |
| Prev. Fixing | 7.1815 | 8.2082 | 4.9553 |
| Prev. Official Close | 7.1858 | -- | -- |
| % Chg Y/Y | +0.98 | -7.13 | -8.81 |
| % Chg Since Jan. 1 | +1.57 | -9.29 | -7.31 |
| % Chg Since July '05 | +15.26 | -- | -- |
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.
