MNI: PBOC Sets Yuan Parity Lower At 7.2096 Tues; -0.85% Y/Y
Apr-15 01:32
China
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.2096 on Tuesday, compared with 7.2110 set on Monday. The fixing was estimated at 7.3075 by Bloomberg survey today.
| USD-CNY | EUR-CNY | JPY-CNY | |
| Today's Fixing | 7.2096 | 8.2092 | 5.0718 |
| Prev. Fixing | 7.2110 | 8.2220 | 5.0509 |
| Prev. Official Close | 7.3021 | -- | -- |
| % Chg Y/Y | -0.85 | -7.48 | -8.64 |
| % Chg Since Jan. 1 | -0.05 | -8.75 | -9.06 |
| % Chg Since July '05 | +14.79 | -- | -- |
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.
