MNI: PBOC Sets Yuan Parity Higher At 7.1745 Mon; -1.16% Y/Y
Mar-03 02:10
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1745 on Monday, compared with 7.1738 set on Friday. The fixing was estimated at 7.2859 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1745 | 7.5139 | 4.7960 |
| Prev. Fixing | 7.1738 | 7.5045 | 4.8336 |
| Prev. Official Close | 7.2838 | -- | -- |
| % Chg Y/Y | -1.16 | +3.27 | -0.33 |
| % Chg Since Jan. 1 | +0.21 | -0.31 | -3.83 |
| % Chg Since July '05 | +15.35 | -- | -- |
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.
