Free Trial

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1934 on Wednesday, compared with 7.1996 set on Tuesday. The fixing was estimated at 7.2836 by Bloomberg survey today.

 USD-CNYEUR-CNYJPY-CNY
Today's Fixing7.19347.59454.8428
Prev. Fixing7.19967.57994.8384
Prev. Official Close7.2791----
% Chg Y/Y-1.91+1.89+0.32
% Chg Since Jan. 1-2.57+2.99+3.81
% Chg Since July '05+15.05----

The PBOC started setting daily central parity rates on Jan 4, 2007.

Keep reading...Show less
107 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1934 on Wednesday, compared with 7.1996 set on Tuesday. The fixing was estimated at 7.2836 by Bloomberg survey today.

 USD-CNYEUR-CNYJPY-CNY
Today's Fixing7.19347.59454.8428
Prev. Fixing7.19967.57994.8384
Prev. Official Close7.2791----
% Chg Y/Y-1.91+1.89+0.32
% Chg Since Jan. 1-2.57+2.99+3.81
% Chg Since July '05+15.05----

The PBOC started setting daily central parity rates on Jan 4, 2007.

Keep reading...Show less