November 27, 2024 01:27 GMT
MNI: PBOC Sets Yuan Parity Higher At 7.1982 Weds; -1.45% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1982 on Wednesday, compared with 7.1910 set on Tuesday. The fixing was estimated at 7.2540 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1982 | 7.5739 | 4.7296 |
Prev. Fixing | 7.1910 | 7.5613 | 4.6933 |
Prev. Official Close | 7.2578 | -- | -- |
% Chg Y/Y | -1.45 | +2.82 | +0.74 |
% Chg Since Jan. 1 | -2.28 | +3.27 | +6.30 |
% Chg Since July '05 | +14.97 | -- | -- |
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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