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China PBOC Sets Yuan Parity Lower at 6.9362; Up 1.68% Y/Y

MNI (Sydney)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower on Monday at 6.9362, down from Friday's 6.9405, hitting the lowest level since March 9.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.9362

8.2172

6.5087

Prev. Fixing

6.9405

8.2004

6.4878

Prev. Official Close

6.9498

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% Chg Y/Y

+1.68

-4.11

+1.64

% Chg Since Jan. 1

+0.24

-4.89

-1.58

% Chg Since July '05

+19.32

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--

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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