February 13, 2025 01:42 GMT
MNI: PBOC Sets Yuan Parity Higher At 7.1719 Thurs; -1.52% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1719 on Thursday, compared with 7.1710 set on Wednesday. The fixing was estimated at 7.3105 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1719 | 7.5061 | 4.6921 |
Prev. Fixing | 7.1710 | 7.4735 | 4.7385 |
Prev. Official Close | 7.3089 | -- | -- |
% Chg Y/Y | -1.52 | +2.32 | +1.30 |
% Chg Since Jan. 1 | -0.14 | -0.20 | -1.70 |
% Chg Since July '05 | +15.40 | -- | -- |
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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