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MNI (Singapore)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.6957 on Tuesday, compared with the 6.7050 set on Monday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.6957

7.7914

6.3896

Prev. Fixing

6.7050

7.8069

6.4086

Prev. Official Close

6.7001

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--

% Chg Y/Y

+5.04

+0.81

+1.74

% Chg Since Jan. 1

+3.97

+0.31

+0.26

% Chg Since July '05

+23.60

--

--

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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