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China PBOC Sets Yuan Parity Higher at 6.9980; Down 1.36% Y/Y

MNI (Sydney)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 6.9980 on Monday, compared with Friday's 6.9848.

USD-CNYEUR-CNYJPY-CNY
Today's Fixing6.99808.23896.6118
Prev. Fixing6.98488.28826.6726
Prev. Official Close6.9794----
% Chg Y/Y-1.36-6.78-4.11
% Chg Since Jan. 1-0.19-5.14-3.11
% Chg Since July '05+18.26----
  • 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.
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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