MNI: PBOC Sets Yuan Parity Lower At 7.1697 Weds; +0.09% Y/Y
Mar-19 01:36
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1697 on Wednesday, compared with 7.1733 set on Tuesday. The fixing was estimated at 7.2223 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.1697 | 7.8633 | 4.8189 |
| Prev. Fixing | 7.1733 | 7.8439 | 4.8194 |
| Prev. Official Close | 7.2216 | -- | -- |
| % Chg Y/Y | +0.09 | -1.86 | -1.90 |
| % Chg Since Jan. 1 | +1.07 | -4.73 | -4.29 |
| % 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.
