MNI: PBOC Sets Yuan Parity Lower At 7.1697 Tues; -1.01% Y/Y
Feb-18 01:40
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1697 on Tuesday, compared with 7.1702 set on Monday. The fixing was estimated at 7.2570 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1697 | 7.5331 | 4.7616 |
| Prev. Fixing | 7.1702 | 7.5394 | 4.7424 |
| Prev. Official Close | 7.2592 | -- | -- |
| % Chg Y/Y | -1.01 | +2.35 | -0.45 |
| % Chg Since Jan. 1 | +0.55 | -0.56 | -3.14 |
| % Chg Since July '05 | +15.43 | -- | -- |
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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