January 15, 2025 01:20 GMT
MNI: PBOC Sets Yuan Parity Higher At 7.1883 Weds; -2.29% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1883 on Wednesday, compared with 7.1878 set on Tuesday. The fixing was estimated at 7.3300 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1883 | 7.4531 | 4.5978 |
Prev. Fixing | 7.1878 | 7.4206 | 4.6128 |
Prev. Official Close | 7.3303 | -- | -- |
% Chg Y/Y | -2.29 | +4.62 | +6.87 |
% Chg Since Jan. 1 | -0.43 | +0.51 | +0.32 |
% Chg Since July '05 | +15.13 | -- | -- |
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