December 27, 2024 01:22 GMT
MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y
MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1893 on Friday, compared with 7.1897 set on Thursday. The fixing was estimated at 7.2990 by Bloomberg survey today.
USD-CNY | EUR-CNY | JPY-CNY | |
Today's Fixing | 7.1893 | 7.5337 | 4.5979 |
Prev. Fixing | 7.1897 | 7.5157 | 4.6138 |
Prev. Official Close | 7.2989 | -- | -- |
% Chg Y/Y | -2.12 | +4.13 | +8.64 |
% Chg Since Jan. 1 | -2.83 | +3.82 | +9.34 |
% Chg Since July '05 | +15.12 | -- | -- |
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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