March 17, 2023 01:40 GMT
MNI: PBOC Yuan Parity Lower At 6.9052 Friday; -8.05% Y/Y
MNI (Singapore)
True
The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.9052 on Friday, compared with 6.9149 set on Thursday.
USD-CNY |
EUR-CNY
JPY-CNY
Today's Fixing
Prev. Fixing
Prev. Official Close
--
--
% Chg Y/Y
-8.05
-4.74
+2.93
% Chg Since Jan. 1
-7.66
-1.64
+6.88
% Chg Since July '05
+19.85
--
--
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