MNI: PBOC Sets Yuan Parity Higher At 7.1793 Weds; -0.48% Y/Y
Apr-02 01:26
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1793 on Wednesday, compared with 7.1775 set on Tuesday. The fixing was estimated at 7.2678 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1793 | 7.7826 | 4.8224 |
| Prev. Fixing | 7.1775 | 7.7913 | 4.8085 |
| Prev. Official Close | 7.2687 | -- | -- |
| % Chg Y/Y | -0.48 | -0.54 | -2.41 |
| % Chg Since Jan. 1 | +0.41 | -3.75 | -4.36 |
| % Chg Since July '05 | +15.28 | -- | -- |
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.
