The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher for an eighth trading day at 7.0722 on Tuesday, compared with 7.0298 set on Monday, marking the weakest fixing since June 30, 2020.
Prev. Official Close
% Chg Y/Y
% Chg Since Jan. 1
% Chg Since July '05
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.