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MNI: PBOC Sets Dollar-Yuan Parity at 6.8925; Down 7.44% Y/Y

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate at 6.8925 Monday, compared with 6.8945 set on the last
trading day in the previous week. 
                      USD-CNY  EUR-CNY  JPY-CNY
Today's fixing         6.8925   7.7997   6.3558
Prev. fixing           6.8945   7.7531   6.3767
Prev. official close   6.9161       --       --
%Chg y/y                -7.44    -3.75    -8.30
%Chg since Jan. 1       -0.73    +0.67    -1.71
%Chg since July '05    +20.07       --       --
     - 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:
--MNI London Bureau; tel: +44 203-586-2225; email:
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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