MNI: PBOC Sets Yuan Parity Lower At 7.2069 Fri; -0.71% Y/Y
Apr-18 01:27
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.2069 on Friday, compared with 7.2085 set on Thursday. The fixing was estimated at 7.2923 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.2069 | 8.2318 | 5.0938 |
| Prev. Fixing | 7.2085 | 8.2470 | 5.1173 |
| Prev. Official Close | 7.2980 | -- | -- |
| % Chg Y/Y | -0.71 | -7.22 | -9.53 |
| % Chg Since Jan. 1 | +0.01 | -9.00 | -9.45 |
| % Chg Since July '05 | +14.83 | -- | -- |
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.
