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MNI: PBOC Yuan Parity Lower At 6.9535 Wednesday; -8.87% Y/Y

MNI (Singapore)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.9535 on Wednesday, compared with 6.9746 set on Tuesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.95357.38605.1257

Prev. Fixing

6.97467.34955.0691

Prev. Official Close

6.9811

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% Chg Y/Y

-8.87

-2.90

+9.28

% Chg Since Jan. 1

-8.71

-2.39

+7.91

% Chg Since July '05

+19.02

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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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