MNI: PBOC Sets Yuan Parity Higher At 7.1754 Thurs; -0.39% Y/Y
Mar-20 01:41
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1754 on Thursday, compared with 7.1697 set on Wednesday. The fixing was estimated at 7.2348 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1754 | 7.8457 | 4.8498 |
| Prev. Fixing | 7.1697 | 7.8633 | 4.8189 |
| Prev. Official Close | 7.2363 | -- | -- |
| % Chg Y/Y | -0.39 | -1.60 | -2.83 |
| % Chg Since Jan. 1 | +0.86 | -4.52 | -4.90 |
| % Chg Since July '05 | +15.34 | -- | -- |
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.
