MNI: PBOC Sets Yuan Parity Higher At 7.1716 Tues; -1.53% Y/Y
Feb-11 01:20
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1716 on Tuesday, compared with 7.1707 set on Monday. The fixing was estimated at 7.3072 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1716 | 7.4369 | 4.7702 |
| Prev. Fixing | 7.1707 | 7.4325 | 4.7761 |
| Prev. Official Close | 7.3077 | -- | -- |
| % Chg Y/Y | -1.53 | +3.35 | +0.42 |
| % Chg Since Jan. 1 | -0.12 | +0.73 | -3.31 |
| % Chg Since July '05 | +15.40 | -- | -- |
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.
