March 23, 2023 01:18 GMT
MNI: PBOC Yuan Parity Lower At 6.8709 Thursday; -7.70% Y/Y
MNI (Singapore)
True
The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.8709 on Thursday, compared with 6.8715 set on Wednesday.
USD-CNY |
EUR-CNY
JPY-CNY
Today's Fixing
Prev. Fixing
Prev. Official Close
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% Chg Y/Y
-7.70
-6.16
+0.14
% Chg Since Jan. 1
-7.51
-3.45
+5.66
% Chg Since July '05
+20.45
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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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