Free Trial

MNI: PBOC Sets Yuan Parity Stronger At 6.2881, +9.53% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
vs the U.S. dollar at 6.2881 on Friday, stronger than Thursday's 6.3046. The
central bank has set the fixing stronger for four trading days out of five this
week. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.2881   7.7378   5.9066
Prev. fixing           6.3046   7.7598   5.9011
Prev. official close   6.2904       --       --
%Chg y/y                +9.53    -4.21    +4.96
%Chg since Jan. 1       +3.52    +1.06    -2.26
%Chg since July '05    +31.61       --       --
     - PBOC started setting daily central parity rates on Jan 4, 2007.  
- On July 21, 2005, China changed to a managed float against a basket of
currencies, freeing the yuan's peg to the dollar.  
- Since March 17, 2014, the yuan has been allowed to move 2% on either side of
the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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.