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MNI: Yuan Parity Set Stronger At 6.3.78, +8.51% Y/Y

MNI (Singapore)
     BEIJING (MNI) - PBOC set the yuan central parity rate vs the U.S. dollar at
6.3378 on Monday, stronger than last Friday's 6.3482.  
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.3378   7.7892   5.9225
Prev. fixing           6.3482   7.8276   5.9465
Prev. official close   6.3380       --       --
%Chg y/y                +8.51    -6.67    +2.82
%Chg since Jan. 1       +2.75    +0.39    -2.52
%Chg since July '05    +30.58       --       --
     - PBOC started setting daily central parity rates on Jan 4, 2007.  
- On July 21, 2005, China changed to a managed float with reference to a basket
of currencies, freeing the yuan's peg to the dollar.  
- Starting March 17, 2014, the yuan is allowed to move 2% on either side of the
daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: beijing@mni-news.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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