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MNI: PBOC Sets Yuan Parity Higher At 7.1059 Fri; -4.28% Y/Y

MNI (Singapore)
MNI (Beijing)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1059 on Friday, compared with 7.1036 set on Thursday. The fixing was estimated at 7.1978 by Bloomberg survey today.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

7.10597.70174.7529

Prev. Fixing

7.10367.72494.7391

Prev. Official Close

7.1930

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% Chg Y/Y

-4.28

-4.67

+6.41

% Chg Since Jan. 1

-1.40

+1.56+5.78

% Chg Since July '05

+16.47

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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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