MNI: PBOC Sets Yuan Parity Higher At 7.1699 Fri; -1.35% Y/Y
Feb-07 01:28
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1699 on Friday, compared with 7.1691 set on Thursday. The fixing was estimated at 7.2801 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1699 | 7.4815 | 4.7709 |
| Prev. Fixing | 7.1691 | 7.4843 | 4.7237 |
| Prev. Official Close | 7.2899 | -- | -- |
| % Chg Y/Y | -1.35 | +2.40 | +1.12 |
| % Chg Since Jan. 1 | +0.12 | +0.13 | -3.32 |
| % Chg Since July '05 | +15.43 | -- | -- |
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.
