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MNI (Sydney)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower for a second day at 6.4970 on Thursday, compared with the 6.5106 set on Wednesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.49707.74795.9927

Prev. Fixing

6.5106

7.7466

5.9935

Prev. Official Close

6.5116

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% Chg Y/Y

+6.73

+1.28

+11.19

% Chg Since Jan. 1

+0.43

+3.58

+5.52

% Chg Since July '05

+27.38

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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

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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