March 15, 2023 01:27 GMT
MNI: PBOC Yuan Parity Lower At 6.8680 Wednesday; -7.46% Y/Y
MNI (Singapore)
True
The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.8680 on Wednesday, compared with 6.8949 set on Tuesday.
USD-CNY |
EUR-CNY
JPY-CNY
Today's Fixing
Prev. Fixing
Prev. Official Close
--
--
% Chg Y/Y
-7.46
-5.56
+9.28
% Chg Since Jan. 1
-7.27
-2.18
+8.27
% Chg Since July '05
+20.50
--
--
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
93 words