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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.3890 on Tuesday, compared with the 6.3924 set on Monday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.38907.41475.6170

Prev. Fixing

6.3924
7.4421
5.6260

Prev. Official Close

6.3810

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% Chg Y/Y

+4.98

+6.66

+13.71

% Chg Since Jan. 1

+2.49

+8.23

+12.58

% Chg Since July '05

+29.54

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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.