November 14, 2022 01:37 GMT
MNI: PBOC Yuan Parity Lower At 7.0899 Monday; -10.12% Y/Y
MNI (Singapore)
True
The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.0899 on Monday, compared with 7.1907 set on Friday, marking the biggest daily rise (1.40%) since FX reform in 2005.
USD-CNY |
EUR-CNY
JPY-CNY
Today's Fixing
Prev. Fixing
Prev. Official Close
--
--
% Chg Y/Y
-10.12
-0.19
+10.16
% Chg Since Jan. 1
-10.37
-1.59
+8.77
% Chg Since July '05
+16.73
--
--
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
104 words