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MNI: PBOC Sets Yuan Parity Weaker at 6.9476; Yuan -4.39% Y/Y

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) set the yuan central
parity rate at 6.9476 on Monday, compared with last Friday's 6.9329. 
                      USD-CNY  EUR-CNY  JPY-CNY
Today's fixing         6.9476   7.8672   6.1026
Prev. fixing           6.9329   7.8826   6.0845
Prev. official close   6.9440       --       --
%Chg y/y                -4.39    -1.88    -4.17
%Chg since Jan. 1       -6.22    -0.60    -5.40
%Chg since July '05    +19.12       --       --
     - 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, reducing 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:
--MNI London Bureau; tel: +44 203-586-2225; email:
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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