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MNI: PBOC Yuan Parity Lower At 7.0998 Friday; -10.21% Y/Y

MNI (Singapore)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.0998 on Friday, compared with 7.1102 set on Thursday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

7.09986.98924.9276

Prev. Fixing

7.11026.92834.9355

Prev. Official Close

7.2000

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% Chg Y/Y

-10.21

+6.78

+17.08

% Chg Since Jan. 1

-11.48

+3.16

+12.25

% Chg Since July '05

+16.57

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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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