(On March fifth day of Lunar New Year), April 10, 2008, the U.S. dollar against the RMB exchange rate quoted 1:6.9920 the first time the "broken 7."

the People's Bank of China authorized by China Foreign Exchange Trade Center, April 10, 2008 the interbank foreign exchange market, the U.S. dollar and other trading currencies against the central parity of the RMB exchange rate: 1 U.S. dollar against 6.9920 yuan, 1 euro to 11.0715 yuan, ¥ 100 RMB 6.8951 yuan, HK $ 0.89788 yuan, 1 pound of 13.8116 yuan.
before the yuan central parity against the U.S. dollar "break" in the May 15, 2006, which lasted 23 months in total. In nearly two years, the RMB exchange rate cumulative appreciation of more than 12.5% ​​from April last year to this year, the annual increase of more than 9%, to accelerate the appreciation trend. Recently, due to the weakness of the U.S. dollar in the global currency market, the momentum of the appreciation of the renminbi is slightly stronger. But analysts said that the appreciation of the renminbi too fast is not the government wishes that the present management will enhance exchange rate flexibility to maintain the steady appreciation of the yuan.