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MNI: PBOC Sets Dollar-Yuan Parity at 6.7205; Down 6.17% Y/Y

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate at 6.7205 on Wednesday, compared with 6.7082 set on Tuesday.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.7205   7.5406   6.0088
Prev. fixing           6.7082   7.5500   5.9934
Prev. official close   6.7192       --       --
%Chg y/y                -6.17    +2.29    -3.32
%Chg since Jan. 1       +2.18    +4.13    +3.96
%Chg since July '05    +23.15       --       --
     - 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 Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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