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The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 6.3980 on Thursday, compared with 6.3903 set on Wednesday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.39807.16685.5415

Prev. Fixing

6.3903
7.1865
5.5497

Prev. Official Close

6.3877

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% Chg Y/Y

+3.00

+9.38

+13.69

% Chg Since Jan. 1

+2.38

+11.98

+14.11

% Chg Since July '05

+29.35

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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.