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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.4602 on Friday, compared with the 6.4942 set on Thursday, marking the biggest daily drop since Jan 5, 2021.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.46027.67915.9013

Prev. Fixing

6.4942
7.6932
5.9115

Prev. Official Close

6.4628

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--

% Chg Y/Y

+7.99

+7.29

+12.04

% Chg Since Jan. 1

+1.19

+4.50

+7.16

% Chg Since July '05

+28.11

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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.