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ForexUpdated•Originally published 22 April 2026•Updated 23 April 2026•

1 min read

PBOC Sets Yuan Reference Rate at 6.8650 Against US Dollar

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Key Facts

1The People's Bank of China set the USD/CNY central parity rate at 6.8635 compared to 6.8594 in the previous session.

The People's Bank of China (PBOC) set the USD/CNY central parity rate at 6.8650 today, marking a further marginal weakening of the Yuan from the previous session's fix of 6.8635. This daily adjustment is part of the central bank's ongoing strategy to manage the Yuan's trading band and ensure currency stability amidst global fluctuations. The move reflects broader market trends and the sustained strength of the US Dollar in international forex markets. Financial analysts closely monitor these reference rates to gauge the PBOC's stance on monetary policy and its potential impact on global trade. While the adjustment is considered a routine technical move, it signals the bank's responsiveness to shifting economic conditions. China continues to utilize this mechanism to balance market-driven forces with its national financial stability objectives.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: The PBOC updated the daily USD/CNY reference rate to 6.8650 from 6.8635, indicating a marginal further weakening of the Yuan.