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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.4835 on Wednesday, compared with the 6.4855 set on Tuesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.48357.63755.8985

Prev. Fixing

6.4855
7.6481
5.9217

Prev. Official Close

6.4800

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% Chg Y/Y

+8.12

+5.75

+10.45

% Chg Since Jan. 1

+0.92

+5.07

+7.21

% Chg Since July '05

+27.65

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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.