MNI: PBOC Sets Yuan Parity Lower At 7.1840 Tues; +1.00% Y/Y
Jun-10 01:31
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1840 on Tuesday, compared with 7.1855 set on Monday. The fixing was estimated at 7.1870 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1840 | 8.2080 | 4.9711 |
| Prev. Fixing | 7.1855 | 8.1975 | 4.9693 |
| Prev. Official Close | 7.1838 | -- | -- |
| % Chg Y/Y | +1.00 | -6.73 | -8.47 |
| % Chg Since Jan. 1 | +1.60 | -8.74 | -7.22 |
| % Chg Since July '05 | +15.20 | -- | -- |
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.
