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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower for a second day at 6.9848 on Friday, compared with Thursday's 6.9902.
|Prev. Official Close||7.0064||--||--|
|% Chg Y/Y||-1.63||-7.40||-5.16|
|% Chg Since Jan. 1||-0.57||-5.70||-4.00|
|% Chg Since July '05||+18.49||--||--|
- 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.