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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.4069 on Wednesday, compared with the 6.4307 set on Tuesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.40697.44965.5925

Prev. Fixing

6.4307
7.4685
5.6270

Prev. Official Close

6.3998

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% Chg Y/Y

+4.41

+5.98

+13.11

% Chg Since Jan. 1

+2.19

+7.72

+13.07

% Chg Since July '05

+29.17

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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.