MNI: PBOC Sets Yuan Parity Higher At 7.1733 Tues; -0.54% Y/Y
Mar-18 01:27
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1733 on Tuesday, compared with 7.1688 set on Monday. The fixing was estimated at 7.2290 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1733 | 7.8439 | 4.8194 |
| Prev. Fixing | 7.1688 | 7.8196 | 4.8430 |
| Prev. Official Close | 7.2388 | -- | -- |
| % Chg Y/Y | -0.54 | -1.25 | -2.23 |
| % Chg Since Jan. 1 | +0.83 | -4.50 | -4.30 |
| % Chg Since July '05 | +15.37 | -- | -- |
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.
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