MNI: PBOC Sets Yuan Parity Lower At 7.1815 Weds; +0.96% Y/Y
Jun-11 01:25
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1815 on Wednesday, compared with 7.1840 set on Tuesday. The fixing was estimated at 7.1815 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1815 | 8.2082 | 4.9553 |
| Prev. Fixing | 7.1840 | 8.2080 | 4.9711 |
| Prev. Official Close | 7.1869 | -- | -- |
| % Chg Y/Y | +0.96 | -6.50 | -8.26 |
| % Chg Since Jan. 1 | +1.56 | -8.74 | -6.92 |
| % Chg Since July '05 | +15.24 | -- | -- |
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.
