# PBOC sets USD/CNY reference rate at 6.7174 vs. 6.7191 previous

> The People's Bank of China set the USD/CNY central parity rate at 6.7174 for the Thursday session, versus 6.7191 the previous day and a Reuters estimate of 6.6797. The fix is a stronger yuan than the prior day's level.

- Date: 2026-11-12 · published 2026-11-12T03:10:49.650Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/94824-pboc-sets-usd-cny-reference-rate-at-6-7174-vs-6-7191-previous
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer yuan modestly reduces the cost of dollar-priced imports for China, a major buyer of feed grains and meal. The effect on feed prices is marginal and mostly indirect.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2024-08-02 | [PBOC sets USD/ CNY reference rate for today at 7.1376 (vs. estimate at 7.2437)](https://feedsoft.ai/events/4691-pboc-sets-usd-cny-reference-rate-for-today-at-7-1376-vs-estimate-at-7-2437.md) | -1.0% | -2.0% |
| USDCNY | 2023-11-28 | [PBOC sets USD/ CNY central rate at 7.1132 (vs. estimate at 7.1432)](https://feedsoft.ai/events/33392-pboc-sets-usd-cny-central-rate-at-7-1132-vs-estimate-at-7-1432.md) | -0.1% | -0.1% |
| USDCNY | 2025-05-27 | [PBOC sets USD/ CNY central rate at 7.1876 (vs. estimate at 7.1842) — TradingView News](https://feedsoft.ai/events/24889-pboc-sets-usd-cny-central-rate-at-7-1876-vs-estimate-at-7-1842-tradingview-news.md) | +0.2% | -0.1% |
| USDCNY | 2017-09-04 | [PBOC Sets Central Parity Rate of Yuan Against Dollar at 6.5668](https://feedsoft.ai/events/9416-pboc-sets-central-parity-rate-of-yuan-against-dollar-at-6-5668.md) | -0.5% | +1.5% |
| USDCNY | 2021-11-22 | [USD/CNY Flat As PBoC Leaves LPR Unchanged, Hints at Coming Stimulus](https://feedsoft.ai/events/44272-usd-cny-flat-as-pboc-leaves-lpr-unchanged-hints-at-coming-stimulus.md) | +0.0% | -0.2% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/pboc-sets-usd-cny-reference-rate-at-6774-vs-67191-previous-202611120115

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.