May 20, 2022 01:38 GMT
MNI: PBOC Yuan Parity Lower At 6.7487 Friday; -4.85% Y/Y
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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.7487 on Friday, compared with 6.7524 set on Thursday.
USD-CNY |
EUR-CNY
JPY-CNY
Today's Fixing
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% Chg Y/Y
-4.85
+9.97
+11.77
% Chg Since Jan. 1
-5.83
+1.01
+4.79
% Chg Since July '05
+22.63
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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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