The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%.

The rate at 7.2066 is the weakest (for CNY) since September 11, 2023

The previous close was 7.3390

This is the hourly candle chart of offshore yuan, CNH 09 April 2025 2
Source: Forex Live