November 22, 2024 02:04 GMT
MNI: PBOC Sets Yuan Parity Higher At 7.1942 Fri; -1.48% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1942 on Friday, compared with 7.1934 set on Thursday. The fixing was estimated at 7.2497 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1942 | 7.5641 | 4.6919 |
Prev. Fixing | 7.1934 | 7.6178 | 4.6638 |
Prev. Official Close | 7.2410 | -- | -- |
% Chg Y/Y | -1.48 | +3.05 | +2.74 |
% Chg Since Jan. 1 | -2.06 | +3.41 | +7.15 |
% Chg Since July '05 | +15.04 | -- | -- |
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.
Keep reading...Show less
107 words