January 06, 2025 01:56 GMT
MNI: PBOC Sets Yuan Parity Lower At 7.1876 Mon; -2.27% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1876 on Monday, compared with 7.1878 set on Friday. The fixing was estimated at 7.3057 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1876 | 7.4443 | 4.6065 |
Prev. Fixing | 7.1878 | 7.4269 | 4.6067 |
Prev. Official Close | 7.3093 | -- | -- |
% Chg Y/Y | -2.27 | +4.46 | +8.08 |
% Chg Since Jan. 1 | -0.14 | 0.63 | 0.13 |
% Chg Since July '05 | +15.14 | -- | -- |
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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