Free Trial

PBOC Sets Yuan Parity Weaker at 6.6369; +0.02% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6369 Friday, weaker than Thursday's 6.6285. The
PBOC has set the fixing weaker for five consecutive trading days and today's
fixing is the lowest since Aug. 25.
                      Dlr-CNY  EUR-CNY  JPY-CNY
Today's fixing         6.6369   7.8233   5.9089
Prev. fixing           6.6285   7.7936   5.8813
Prev. official close   6.6699       --       --
%Chg y/y                +0.02    -4.32   +11.79
%Chg since Jan. 1       +4.19    -6.98    +0.37
%Chg since July '05    +24.70       --       --
     The People's Bank of China started setting a daily central parity rate on
Jan. 4, 2007.
     On July 21, 2005, China freed the yuan from its longstanding peg to the
dollar in favor of a managed float with reference to a basket of currencies.
     Starting March 17, 2014, the yuan was allowed to move 2% on either side of
the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:
--MNI BEIJING Bureau; +1 202-371-2121; email:

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.