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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.3856 on Wednesday, compared with the 6.3890 set on Tuesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.38567.40455.5912

Prev. Fixing

6.3890
7.4147
5.6170

Prev. Official Close

6.3812

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% Chg Y/Y

+5.24

+6.86

+14.96

% Chg Since Jan. 1

+2.49

+8.38

+13.10

% Chg Since July '05

+29.60

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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.