August 16, 2024 01:44 GMT
MNI: PBOC Sets Yuan Parity Higher At 7.1464; +1.81% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1464 on Friday, compared with 7.1399 set on Thursday. The fixing was estimated at 7.1742 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1464 | 7.8488 | 4.7945 |
Prev. Fixing | 7.1399 | 7.8618 | 4.8479 |
Prev. Official Close | 7.1611 | -- | -- |
% Chg Y/Y | 1.81 | +0.84 | +4.07 |
% Chg Since Jan. 1 | -0.96 | -0.34 | +4.86 |
% Chg Since July '05 | +15.81 | -- | -- |
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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