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The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 6.4942 on Thursday, compared with the 6.4929 set on Wednesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.49427.69325.9115

Prev. Fixing

6.4929
7.6741
5.9147

Prev. Official Close

6.5035

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% Chg Y/Y

+7.73

+7.73

+12.87

% Chg Since Jan. 1

+0.56

+4.31

+6.97

% Chg Since July '05

+27.44

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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.