MNI: PBOC Sets Yuan Parity Lower At 7.1693 Weds; -1.18% Y/Y
Feb-05 01:35
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1693 on Wednesday, compared with 7.1698 set before Chinese New Year holiday. The fixing was estimated at 7.2813 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1693 | 7.4794 | 4.6784 |
| Prev. Fixing | 7.1698 | 7.5301 | 4.6311 |
| Prev. Official Close | 7.2650 | -- | -- |
| % Chg Y/Y | -1.18 | +2.62 | +2.74 |
| % Chg Since Jan. 1 | +0.47 | +0.15 | -1.41 |
| % Chg Since July '05 | +15.44 | -- | -- |
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.
