China’s central parity for the yuan rose to 6.7171 per U.S. dollar on Tuesday, Oct. 27, from 6.7162 Monday, marking a weaker reference value for the currency.
The China Foreign Exchange Trade System (CFETS), authorized by the People’s Bank of China (PBOC), publishes the daily benchmark. Its daily parity archive is the official source for these rates, and same-day Chinese financial reports also carried Tuesday’s figure. The new rate was 0.0009 yuan per dollar above Monday’s fixing.
The benchmark quotes how many yuan equal one U.S. dollar, so the higher figure corresponds to a weaker yuan reference level. The central parity guides the interbank trading session, while individual spot transactions can take place at different rates.
FXStreet reported a 6.6731 estimate attributed to Reuters. Tuesday’s announced rate was 0.0440 yuan per dollar above that estimate.
CFETS calculates the benchmark from market-maker quotations collected before the interbank market opens. It removes the highest and lowest submissions, then uses a weighted average of the rest. Its methodology says market makers consider the previous session’s close, foreign-exchange supply and demand, and movements in major currencies.