December 02, 2024 01:49 GMT
MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1865 on Monday, compared with 7.1877 set on Friday. The fixing was estimated at 7.2363 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1865 | 7.5907 | 4.8134 |
Prev. Fixing | 7.1877 | 7.6087 | 4.7770 |
Prev. Official Close | 7.2332 | -- | -- |
% Chg Y/Y | -1.50 | +2.82 | +0.47 |
% Chg Since Jan. 1 | -1.95 | +3.04 | +4.45 |
% Chg Since July '05 | +15.16 | -- | -- |
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