September 28, 2023 01:20 GMT
MNI: PBOC Yuan Parity Higher At 7.1798 Thursday; -0.86% Y/Y
MNI (Singapore)
MNI (Beijing)
True
The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 7.1798 on Thursday, compared with 7.1717 on Wednesday. The fixing was estimated at 7.3224 by Bloomberg survey today.
USD-CNY |
EUR-CNY
JPY-CNY
Today's Fixing
Prev. Fixing
Prev. Official Close
--
--
% Chg Y/Y
-0.86
-8.66
+1.98
% Chg Since Jan. 1
-12.80
-4.95
+14.29
% Chg Since July '05
+15.27
--
--
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.
Keep reading...Show less
103 words