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MNI: PBOC Yuan Parity Higher At 7.0760 Friday; -4.68% Y/Y

MNI (Singapore)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.0760 on Friday, compared with 7.0529 set on Thursday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

7.07607.58885.0566

Prev. Fixing

7.05297.58435.0614

Prev. Official Close

7.0686

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% Chg Y/Y

-4.68

-4.69

+4.89

% Chg Since Jan. 1

-9.84

-4.99

+9.39

% Chg Since July '05

+16.96

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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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