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The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 6.4855 on Tuesday, compared with the 6.4700 set on Monday, marking the weakest parity since May 6, 2021.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.48557.64815.9217

Prev. Fixing

6.4700
7.6408
5.8851

Prev. Official Close

6.4835

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--

% Chg Y/Y

+7.87

+5.07

+10.14

% Chg Since Jan. 1

+0.87

+4.93

+6.79

% Chg Since July '05

+27.61

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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.