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MNI: PBOC Sets Yuan Parity Lower at 6.3943 Thurs; +4.95% Y/Y

MNI (Singapore)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.3943 on Thursday, compared with the 6.4079 set on Wednesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.39437.42335.6062

Prev. Fixing

6.4079
7.4177
5.6215

Prev. Official Close

6.3970

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% Chg Y/Y

+4.95

+5.75

+14.30

% Chg Since Jan. 1

+2.23

+8.11

+12.80

% Chg Since July '05

+29.43

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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.

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