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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.3498 on Thursday, compared with 6.3677 set on Wednesday, marking the lowest parity since May 15, 2018.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.34987.19815.5799

Prev. Fixing

6.3677
7.1785
5.6093

Prev. Official Close

6.3535

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--

% Chg Y/Y

+2.89

+9.85

+12.53

% Chg Since Jan. 1

+2.93

+11.49

+13.33

% Chg Since July '05

+30.34

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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.