MNI: PBOC Sets Yuan Parity Lower At 7.2066 Mon; -0.38% Y/Y
May-12 01:18
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.2066 on Monday, compared with 7.2095 set on Friday. The fixing was estimated at 7.2441 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.2066 | 8.1074 | 4.9546 |
| Prev. Fixing | 7.2095 | 8.1118 | 4.9518 |
| Prev. Official Close | 7.2461 | -- | -- |
| % Chg Y/Y | -0.38 | -4.47 | -7.24 |
| % Chg Since Jan. 1 | +0.73 | -7.60 | -6.91 |
| % Chg Since July '05 | +14.84 | -- | -- |
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.
