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MNI: PBOC Yuan Parity Lower At 7.1088 Friday; -10.48% Y/Y

MNI (Singapore)

The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 7.1088 on Friday, compared with 7.1101 set on Thursday.




Today's Fixing


Prev. Fixing


Prev. Official Close




% Chg Y/Y




% Chg Since Jan. 1




% Chg Since July '05




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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