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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.3856 on Friday, compared with the 6.3972 set on Thursday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.38567.77295.8370

Prev. Fixing

6.3972
7.7889
5.8348

Prev. Official Close

6.3903

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% Chg Y/Y

+10.63

+2.97

+13.78

% Chg Since Jan. 1

+2.34

+3.24

+8.34

% 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.