March 27, 2023 01:41 GMT
MNI: PBOC Yuan Parity Higher At 6.8714 Monday; -7.22% Y/Y
MNI (Singapore)
True
The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 6.8714 on Monday, compared with 6.8374 set on Friday.
USD-CNY |
EUR-CNY
JPY-CNY
Today's Fixing
Prev. Fixing
Prev. Official Close
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% Chg Y/Y
-7.22
-5.24
-0.86
% Chg Since Jan. 1
-7.17
-2.62
+5.25
% Chg Since July '05
+20.44
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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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