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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.4492 on Wednesday, compared with the 6.4500 set on Tuesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.44927.61065.8773

Prev. Fixing

6.4500
7.6171
5.8641

Prev. Official Close

6.4433

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% Chg Y/Y

+4.94

+4.96

+9.62

% Chg Since Jan. 1

+1.50

+5.45

+7.59

% Chg Since July '05

+28.33

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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.